Toronto home sales up 18.9 per cent in May from last year, TREB says

It’s been another month of double-digit real estate sale and price declines in the Greater Toronto Area, compared to the blistering activity that defined the early spring market the same time last year.. Sales in the region are down 31.1 per cent with 7,792 homes sold. Prices have also slid from last year’s peak by 12.4 per cent to an average of $804,584.

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January home sales in GTA down 22 per cent from year ago. The Toronto Real Estate Board says Greater toronto area realtors reported 4,019 home sales for January through the Multiple Listings.

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With the average detached home now selling for $1.2 million and prices across the board headed for new records, realtors want to know how much of that is due to foreign investment

For detached homes in the GTA this may, the average selling price was $986,691, up 18.9 per cent from a year earlier. That number skyrockets to $1,285,693 when only looking at Toronto proper, where detached home prices soared 15.2 per cent over the year ending in May.

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According to the Toronto Real Estate Board, selling prices dropped more than 12 per cent from. number sold and sales price compared with last year, was in detached houses, the most expensive of the.

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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.

The Toronto Real Estate Board says there were 77,426 residential transactions recorded through its Multiple Listing Service (MLS) system last. in sales and prices in the second half of the year.

There were 9,989 sales in May, up 18.9 per cent from the 15-year low for the month hit last year, while listings grew by only 0.8 per cent to 19,386. The increase in May follows a 16.8 per cent.

The number of homes sold in the Toronto region in January was down 22 per cent compared with a year ago, when the area was experiencing a short-term spike in prices that prompted the Ontario.