A 17% month-over-month increase in Toronto’s home transactions in June propelled sales in the national market to their fastest monthly pace this year (4.1%), per the latest figures from the Canadian Real Estate Association.
Meanwhile, new data from the Toronto Real Estate Board suggested that the first half of July exhibited weaker performances than the same period in the previous month, according to real estate information portal Zoocasa.
This was offset by annual improvement across most housing types in the Greater Toronto Area.
Read more: Accelerated price growth evident in 75% of Toronto markets – study
According to TREB year-over-year data covering the period July 1-15, 2018:
- Condo apartment sales went slightly down by 1% down in the City of Toronto and up 6% across the GTA.
- Condo townhouse sale went up 20% in the City of Toronto and up 20% across the GTA.
- Detached home sales declined by 4% in the City of Toronto and increased by 9% across the GTA.
- Semi-detached housing sales dropped by 8% in the City of Toronto and slightly grew by 1% in the GTA.
Property taxes across GTA markets vary significantly
Hamilton, ON market sees strong price appreciation in Q2