![\"toronto-home-sales-june-2018-mtd-zoocasa\"](\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2018\/06\/toronto-home-sales-june-2018-mtd-zoocasa.png\")
<\/a><\/p>\nCondos Start to Slow<\/h3>\n
Sales for high-rise and multi-family dwellings dropped sharply compared to the same time period in May, when the segment posted monthly gains of nearly 50 per cent in both throughout the TREB region and the 416. Rather, sales in both regions have dropped -29 per cent each month over month, though are roughly flat from activity in 2017. There\u2019s also considerably less inventory for buyers to work with, down -17 and -18 per cents in both regions. This could suggest fewer sellers looking to list in a seemingly softer market.<\/p>\n
Detached Sees Steady Demand<\/h3>\n
However, demand has been steadily strengthening for single-family and low-rise housing, after being hit hardest by the Ontario Fair Housing Plan in terms of sales and prices. Mid-month June sales are just 2 per cent below last year\u2019s levels in both regions. This may indicate house-buying hopefuls, who were priced out of the market during its 2016 \u2013 2017 peak, maybe be returning amid slightly lower prices, and considerably looser competition, as many of the GTA markets experience a buyers\u2019 market. However, sales are down -15 and -11 per cents from a strong performance in May, and the number of homes available for sale was scaled back -7 per cent in the TREB region, and -5 per cent in the City of Toronto.<\/p>\n
Semi-detached In Line With Last Year<\/h3>\n
The strongest activity seen thus far this month has been in the semi-detached segment, though it\u2019s a proportionately smaller slice of the market with overall fewer sales at 297 in the TREB region, compared to 1,330 detached homes sold. Activity has been flat year-over-year, but down\u00a0-18 and -10 per cents from mid May.<\/p>\n
Townhouses See Modest Gains<\/h3>\n
While sales throughout the overall TREB region fell -7 per cent from last year, they actually posted a gain of 1 per cent in the City of Toronto. This again is due to an overall smaller market segment, with just 454 units sold throughout TREB, and 162 within the 416, meaning any activity has a larger impact on sales data. Month over month, sales are down -12 and -9 per cents, further supporting an overall slower June market.<\/p>\n","protected":false},"excerpt":{"rendered":"
May offered a brief\u00a0uptick from what has been a sluggish spring market, but things have slowed once again in the first two weeks of June, suggesting the typically busy real estate season has been cut short. The Canadian Real Estate association\u00a0reported this month that the combined sales for the period between March and May hit […]<\/p>\n","protected":false},"author":39,"featured_media":15604,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[1107,33],"tags":[],"class_list":["post-15601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-real-estate-news"],"yoast_head":"\n
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