The Goldman Team

Spring Market Finishes with a Strong June

13 July 2016
Cathy Goldman

Real estate agents reported 12,794 residential transactions in the GTA through the Toronto Real Estate Board’s (TREB) MLS® System in June 2016, an increase of 7.5 per cent vs June 2015. New listings maintained their downward trend and experienced a reduction of 3.8 per cent in June 2016. In the ‘416’ the average price of a detached home was $1,259,486 in June 2016, an increase of 19.6% year-over-year. The average price of a semi-detached home increased by 19.7%, year-over-year, to $912,724. Keeping in line with the upward trend, the average prices of townhouses and condo apartments reached $635,164 and $448,002, respectively; an increase of 17.4% and 6.9%, respectively.