Toronto Real Estate Values – Hold Steady

The Toronto Real Estate Board (TREB) released the monthly statistics for the Toronto market today. They reported that the average sales price for May was $398,148 across the whole GTA. Volume of sales was 9,411.

Prices held steady with just a 0.1% decline from the month before. The number of sales has risen every month this year and May was no exception, however the monthly number is still below last year’s record pace of sales.

Here is the chart I produce each month to assist my clients in better understanding the market forces

The whole report is avaliable here

Comments on this entry are closed.