ILOFTCONDOS

ARTFULLY MARKETING EXCEPTIONAL CONDOS

 

Toronto Condos Blog

June Numbers Have Arrived

 

Greater Toronto Area REALTORS® reported 9,061 sales through the TorontoMLS system in June 2013 - down by less than one per cent compared to June 2012. Over the same period, new listings were down by a greater rate than sales, suggesting market conditions became tighter.

"The sales picture in the GTA improved markedly in the second quarter of 2013. While the number of transactions was still down compared to 2012, rates of decline were substantially improved compared to the first quarter," said Toronto Real Estate Board President Dianne Usher.

"As a growing number of homebuyers, many of whom put their purchase on hold due to stricter lending guidelines, now reactivate their search, the expectation is for renewed growth in home sales in the second half of 2013," added Ms. Usher
The average selling price in June was up by 4.7 per cent year-over-year to $531,374. In line with the 2013 norm, June price growth was driven by the single-detached and semi-detached market segments, particularly in the City of Toronto. Over the same time period, average condominium apartment selling prices remained in line with 2012 levels.

"The short supply of low-rise home types in many parts of the GTA relative to the number of households looking to buy continued to prompt strong upward pressure on selling prices of singles and semis," said Jason Mercer, TREB's Senior Manager of Market Analysis. "We have also seen enough buyers in the better-supplied condo apartment market to provide support for selling prices at current levels.”

Click here for the Detailed Report

 

Check out: YORKVILLE CONDOS |  ENTERTAINMENT DISTRICT CONDOS | KING WEST CONDOS | LUXURY HOTEL CONDOS

 

FEATURED TORONTO CONDOS

 

YORKVILLE CONDOS

The Prince Arthur condos

One St. Thomas

100 Yorkville at Belair

99 Avenue Road

Residences at Hazelton Lanes

The Regency Yorkville

Sotheby's International Realty Canada | Every Home Needs a Proper Frame


Marco Chiappetta | Sotheby's International Realty Canada | Top Toronto Luxury Condo Broker

416.806.6133 | CONTACT US | iLOFTCONDOS.com

 

About  |  Blog  |  Terms of Use  |  Site Map |  Contact Us  |  Buy Toronto Condos  |  Sell Toronto Condos  |  Toronto Luxury Condos | 

Copyrite 2016 MARCO CHIAPPETTA and iLOFTCONDOS.com All Rights Reserved

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 8/21/2017 1:20:33 AM