Average Home Sold Prices Exceed 11%

July 10, 2020

TORONTO, ONTARIO, July 7, 2020 – Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020.

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This result represented a very substantial increase over the May 2020 sales result, both on an actual
(+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4 per cent compared
to June 2019.

Year-over-year growth in sales was reported in some areas and market segments. Especially notable were
the detached and townhouse market segments in the GTA regions surrounding the City of Toronto.
The MLS® Home Price Index Composite Benchmark was up by 8.2 per cent year-over-year in June. The
average selling price for all home types combined was $930,869 – up by 11.9 per cent compared to June
2019. The actual and seasonally-adjusted average selling price was also up substantially compared to May
2020, by 7.8 per cent and 9.8 per cent respectively.

Average and benchmark selling prices were up year-over-year for all major home types. The strongest
average annual rates of price growth were … (click here for more)