- Sales Growth: Greater Toronto Area residential home sales reached 6,770 units in June, marking a strong 9.4% increase year-over-year and continuing positive momentum. Explore full market data via TRREB Market Watch and Financial Post.
- Inventory Drop: New listings fell 12.9% while active inventory dropped 13.5%, significantly tightening local market conditions across the region. Read more industry insights on the Mortgage Maurice Blog.
- Average Price: The overall average selling price settled at $1,058,658, representing a modest 3.9% decrease compared to the same period last year.
- Benchmark Trend: The MLS composite benchmark index was down 5.4%, though recent month-over-month figures continue to demonstrate promising stabilizing trends.
- Market Outlook: Shrinking inventory and steady buyer demand signal early indicators of a forming market floor heading into the second half of the year. Review our comprehensive Rate Outlook.
Thinking about navigating these shifting market conditions? Let’s connect today to review what these numbers mean for your upcoming financing plans.
Maurice Kwok ・ 郭澤文
Mortgage Broker, CPA, MBA ・ 粵語 ・ 國語
FSRA-licensed Mortgage Broker (Licence #M13000496)
Sherwood Mortgage Group (FSRA Brokerage Lic.#12176)
Guiding Ontario homebuyers and homeowners since 1995.