The summer real estate market continues to heat up as June posts significant growth in home sales. Get the facts in our monthly infographic of sold Toronto home prices in June 2014.
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Once again Toronto home sales posted double-digit growth increasing 15.4 percent versus June 2013 with over 10,000 homes being sold in the GTA. Although the number of new listings in the GTA also grew, the 8.3% growth in listings was less than the annual rate making Toronto a strong sellers market as buyers continue to compete in bidding wars across the city. As a result, prices continue to climb with the average selling price for June $568K. In the war to find their dream home, house hunters sought out all home types with the strongest growth in sales being semi-detached which was up 22% versus previous year.