Wednesday, 5 June 2013

Toronto Housing Market in May 2013

Housing prices in the GTA hit an all time high this past May as the average price settled 5.4% higher than a year ago at $542,174. TREB reported that sales declined by -3.4% while in reality that number is closer to -6%. See the explanation here.  Condos sales in the City of Toronto were down by -6.4% (or by -8% by my calculations) while the average price went up by 1.2%. Continue reading to see the price maps by area.

Note: for the maps below, I only calculated percentage change for places with at least 50 sales to keep the sample size high.

gta house prices by area 2013

gta home price average median graph 2013 june update

Are we going to see a soft landing?



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