Monthly Archives: June 2017

Month: June 2017 Cooling Toronto housing market could be a return to normal, state realtors

  It could also be the barely disguised frustration of sellers, who listed their homes this spring expecting to attract cut-throat bids from desperate, over-extended purchasers. Instead they are seeing fewer showings and fewer offers.   Toronto area home prices dipped about 7 per cent in May, 2017 compared to April, 2017 but remained about 15 per cent higher over year averaging $863,910.     Even as the market has soared, there were some month-to-month price drops-off, said Jason Mercer, Director of market analysis for the Toronto Real Estate Board( TREB ), which published its month-end May, 2017 statistics on

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Month: June 2017 Toronto house prices dip in May, 2017 but tight supply keeps prices up

  Toronto region home prices dipped slightly from April to May — down $55,604 on average — but were still 15 per cent higher than May 2016, as the supply of resale house and condo listings rose 43 per cent of the same time over year. The average house price last month was $863,910 — $111,810 more than last May, 2016 when the homes and condos averaged $752,100 — according to month-end statistics from the Toronto Real Estate Board( TREB) being released. That is a 29 per-cent gain on the board’s benchmark price index. The benchmark figure takes into account

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