LOIC DANIS

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Sutton Group Old Mill Realty Inc. Brokerage | Independently Owned + Operated. | 4237 Dundas St West |
Etobicoke ON | M8X 1Y3

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MARKET UPDATE | JUNE 2021

7/6/2021

 
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➕‘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

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    LOIC DANIS

    Loic Danis is a Toronto Real Estate Broker and Broker of Record/Owner of Sutton Group Old Mill Realty Inc. specializing in residential and investment real estate in Downtown Toronto, Etobicoke + West Toronto neighbourhoods including The Kingsway, Babypoint, Sunnylea, Swansea, Roncesvalles, High Park, Swansea, New Toronto, Mimico, Waterfront Communities, Yorkville, St. Lawrence Market, Bay Street Corridor and more! 

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LOIC DANIS
Broker of Record

Direct | 416-671-0300
Office  | 416-234-2424

Sutton Group Old Mill Realty Inc.
Independently Owned + Operated

CONTACT LOIC

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