Toronto market conditions

As expected, we’ve seen a market adjustment from mid April until end of May, with a large increase in homes for sale during the last 6 weeks.

What does this mean? It means that the market conditions have normalized from the explosive prices witnessed from January to the beginning of April.

What does this mean for you? We are currently about 15% higher than last year’s numbers and that’s still great news!!!

How often do you make 15% on any investment in one year?

Please see the Toronto Real Estate Board Stats below.

 
monthly toronto stats

sales stats for May toronto

June 5, 2017 –  GTA realtors reported 10,196 sales in May 2017 down by 20.3 % compared to 12,790 sales reported in May 2016. Sales of detached homes were down by 26.3%. Sales of condominium apartments were down by 6.4 %.

The number of properties available for sale at the end of May were up by 42.9 % compared to the lowest level in 15 years recorded in May 2016,

However, the average selling price for all home types as a whole was up by 14.9 % to $863,910 over 2016.
Please call me, I would love to pop by and to let you know what your house is worth!

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