12 Jun REAL ESTATE MARKET UPDATE: JUNE EDITION
9,989 home sales were reported through the Toronto Real Estate Board MLS in May 2019, soaring almost 19 percent from the same month a year earlier. May sales were the highest on a seasonally adjusted basis since December 2017 – up roughly 10 percent from April which had a 16.8 percent jump in year-over-year sales. The average selling price for all home types combined was up by 3.6 percent over the same period. Lack of supply, however, continues to be an ongoing concern as year-over-year growth in new listings at just under 1% was significantly outpaced by sales.
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