MARKET UPDATE | JUNE 2021

➕‘the numbers’ for June are in and It was another solid month for Toronto Real Estate.   The number home sales were +37% vs. June 2020, though they remained below the peak realized this past March, and lower vs. May 2021 - indicating signs of a return to regular seasonal market trends.   Market conditions remained tight with sales growth outpacing the growth in new listings.  As a result,  Toronto realized an increase in the average selling price in June to $1,079,749 [+6% vs. June 2020].  

Selling prices for all major home types remained strong with average selling prices for detached houses [+12%], semi-detached houses [-2%], townhouses [+10%], and condos [+7%] vs. June 2020.  

To quote new TRREB President Kevin Crigger “We have seen market activity transition from a record pace to a robust pace over the last three months. While this could provide some relief for home buyers in the near term, a resumption of population growth based on immigration is only months away.”

Looking to buy or sell a home in Toronto?  Average prices in June were as follows:

➕Detached  $1,699,881
➕Semi-detached  $1,267,044
➕Townhouse $941,474
➕ Condo $717,466

••••••
Download a printable pdf http://www.suttonoldmill.com/market-news or click the link in bio.  Thinking of selling or buying?  Have questions about real estate? Message us!
••••••
Data presented is for City of Toronto only.   Source: Toronto Regional Real Estate Board