June’s Toronto Real Estate Market figures are out.
Click on your neighbourhood of interest for a detailed summary:
Downtown | East Toronto | West Toronto | Midtown | The Beach(es)
The downtown Toronto Condo market continued to see gains with the average sales price increasing 11 percent to $489,322. Inventory remained fairly steady when compared to the same period last year.
East Toronto continues is growth at a steady pace. Prices were up 8.5 percent, while listing remained stable when compared with June 2013. It is still a seller’s market, as demand outweighs supply.
Midtown average prices are still above the million mark, up 5.3 percent year-over-year. Supply was up though, bringing the market into a better balance for sellers and buyers.
West Toronto saw an increase in average prices of 4.7 percent. The number of new listing increased by over 300 year-over-year.
The Beaches are still one of the hottest markets in the city. Sales were up 7.1 percent at an average price of $736,551. Supply remained almost exactly even compared to June 2013.