Dear CDs,

Toronto Real Estate Board has released the June 2019 market figures for the residential transactions done through TREB MLS system.

- Market has really picked up and sales have been increased.
- Overall sales numbers are up by 10.4% in June 2019 (Year over Year). House type wise:
Detached: up by 18.6%
Semi Detached: up by 9.4%
Townhouse: up by 12%
Condo apartments: down by 3.2% (however, in 416 area, it is down by 5.6% but in 905 area, it is up by 2.7%)
- Active listings are down by 5.7%
- GTA continues to grow in terms of employment, population and overall diversity. All thanks to immigration policies of Govt.
- Lesser active listings, more demand is fueling the price growth
- Overall average selling price is up by 3% in June 2019 (YoY)
- Once again the price increase trend continued in Condo apartment category followed by Semi Detached and Town Houses.
- The YoY change in the price of detached house is still on negative side BUT it's not that level which it was 6 months ago. Still it is good time to upgrade to detached property if you are living in Condo/Townhouse/Semi Detached. By the end of this year, we may see this trend changing i.e. prices of detached properties may start going north and higher than 2018.

Bank of Canada overnight rate (June 2019): 1.75% ; Prime Rate (June 2019): 3.95%

If anyone wants report pertaining to any specific area of GTA, please get in touch with me and I can share the report.

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Sanjeev Manocha, MBA
Real Estate Sales Representative
Accredited Buyer Representative (ABR)

Re/Max West Realty Inc, Brokerage
96, Rexdale Blvd., Toronto

Mobile: 416-843-7600
Office: 416-745-2300
http://www.manocharealty.com" rel="nofollow">LINK