10 Jul REAL ESTATE MARKET UPDATE: JULY EDITION
8,860 home sales were reported through the Toronto Real Estate Board MLS in June 2019, continuing the trend of improved year over year sales with a 10 per cent jump from the same month a year earlier. The average selling price for all home types combined was up by 3 percent over the same period and continues to be driven by a combination of the low inventory of available properties being outpaced by sales. Bank of Montreal senior economist Robert Kavcic notes that the statistics for June 2019 are “indicative of a market that has all but balanced out – the sales-to-new-listings ratio is close to the 10-year average again.”
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