NEWSLETTERS
Newsletters:

Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB's MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment.

New listings entered into TREB's MLS® System in July 2019 were up compared to July 2018, but by a much lesser annual rate than sales, at 3.7 per cent. With annual growth in sales far outstripping annual growth in new listings, market conditions clearly tightened compared to last year. Active listings at the end of July were down by 9.1 per cent year-over-year, further reflecting tightening market conditions.

As market conditions continued to tighten in July, the average selling price increased by 3.2 per cent on a year-over-year basis to $806,755. The MLS® Home Price Index Composite benchmark was up by 4.4 per cent. Higher density home types continued to drive price growth, whereas detached home prices remained down in many communities throughout the GTA.

Broadly speaking, increased competition between buyers for available properties has resulted in relatively strong price growth above the rate of inflation for semi-detached houses, townhouses and condominium apartments. However, the single-detached market segment, which has arguably been impacted most by the OSFI stress test, has experienced a slower pace of price growth, with average detached prices remaining lower than last year's levels in some parts of the GTA.

 

Housing affordability: What has the Trudeau government done for you?
By Erica Alini
In 1980 the average price of a house in Canada was five times the average income. Today, it’s around 10 times. Renters aren’t faring much better. According to a recent report, the minimum wage it takes to afford a two-bedroom unit has risen from just over $17 per hour in the 1990s to $20 an hour after adjusting for inflation — and that’s excluding the private, and much pricier, condominium rental market.

 

Toronto area housing sales up 24.3 per cent in July, prices rise due to tighter supply
By The Canadian Press
TORONTO -- The Greater Toronto Area`s home price index was up 4.4 per cent last month as the supply of properties for sale tightened and the number of sales jumped 24.3 per cent from July last year, the Toronto Real Estate Board reports. The overall average selling price for properties in the Greater Toronto Area was up 3.2 per cent year-over-year to $806,755, TREB said in a monthly report issued Tuesday.

 

NEIGHBOURHOOD SEARCH

Search by Neighbourhoods

View Listings
View School Ratings
Find Amenities
Research Neighbourhoods
NEW LISTINGS ALERT

New Listings E-mailed to You Instantly

Location, price, bedrooms, baths and other specifications.

Put in your criteria and get new listings sent to you.

WHAT'S MY HOME WORTH?

Curious to Know How Much Your Home Might Sell For?

Let the experts at Royal LePage Signature Realty conduct a free Market Evaluation.

There is no obligation. This is valuable information for every home owner.

REAL ESTATE NEWSLETTER

Toronto Real Estate News

Sign-up for our monthly newsletter.

Thank you. Your registration is complete.