416.234.2424

[mon-fri] 9-8 [sat] 9-4 [sun] 10-2

oldmill@sutton.com

drop us a line anytime!

where you’ll find us!

4237 Dundas Street West, Toronto, ON M8X 1Y3

‘the numbers’ [june 2021]
by sutton old mill

➕june 2021➕

 

The number home sales were +37% vs. June 2020, though they remained below the peak realized this past March, and lower vs. May 2021 – indicating signs of a return to regular seasonal market trends. Market conditions remained tight with sales growth outpacing the growth in new listings. As a result, Toronto realized an increase in the average selling price in June to $1,079,749 [+6% vs. June 2020].

Selling prices for all major home types remained strong with average selling prices for detached houses [+12%], semi-detached houses [-2%], townhouses [+10%], and condos [+7%] vs. June 2020.

To quote new TRREB President Kevin Crigger “We have seen market activity transition from a record pace to a robust pace over the last three months. While this could provide some relief for home buyers in the near term, a resumption of population growth based on immigration is only months away.”

Looking to buy or sell a home in Toronto?  Average prices in June were as follows:

➕Detached $1,699,881
➕Semi-detached $1,267,044
➕Townhouse $941,474
➕ Condo $717,466

more of what you love

‘the numbers’ [august 2022]

➕august 2022➕   ➕ the numbers’ for August are in.  Toronto market conditions in August continued as a ‘balanced market’,.  August 2022 sales volume was down -37%, along with a -10% decline in new listings, and Buyers continue to benefit from more choice and a...

read more

‘the numbers’ [july 2022]

➕july 2022➕   ➕‘the numbers’ for July are in.  Market conditions in Toronto moved into a balanced market in July 2022. Buyers continue to benefit from more choice and the annual rate of price growth has moderated.  Overall, the average selling price remained flat...

read more

‘the numbers’ [june 2022]

➕june 2022➕   ➕‘the numbers’ for June are in.  Once again, Toronto real estate market conditions continued to moderate in response to higher borrowing costs with some home buyers putting their decision on hold to see where home prices end up and others challenged...

read more

‘the numbers’ [may 2022]

➕may 2022➕   ➕‘the numbers’ for May are in.  Toronto real estate market conditions continued to evolve in response to higher borrowing costs and other market influences. Similar to April results, May 2022 sales were down on a monthly and annual basis.  While May...

read more

‘the numbers’ [april 2022]

➕april 2022➕ ➕‘the numbers’ for April are in. The Bank of Canada’s goal of slowing consumer spending is reflected in this month’s Toronto Real Estate market statistics with transactions down vs. last month [-6%], and last year [-36%]. Consistent with historical rate...

read more

‘the numbers’ [march 2022]

➕march 2022➕ ➕‘the numbers’ for March are in. Market conditions remain tight across all home segments however with more Sellers returning to the market vs. the preceding nine months, some Buyers may not have experienced the same level of competition on offer night....

read more