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Showing posts from July, 2012

June 2012 Sale Price

TREB -- Toronto MLS Average Resale Home Price -- June 2012

TREB - Toronto MLS Sales-To-New Listings Ratio -- June 2012

TREB - Toronto MLS New Listings June 2012

TREB- Toronto MLS Sales...June 2012


Toronto, July 5, 2012 – Greater Toronto REALTORS® reported 9,422 home sales through the TorontoMLS system in June 2012. The number of transactions was down by 5.4 per cent in comparison to June 2011. The year-over-year decline was largest in the City of Toronto, where sales were down by 13 per cent compared to June 2011. Sales in the rest of the Toronto Real Estate Board (TREB) market area were comparable to a year ago. “Buyers continue to face the substantial upfront cost associated with the City of Toronto’s unfair Land Transfer Tax,” said TREB President Ann Hannah. “Recent polling by TREB suggests that many households are considering home purchases outside of the City of Toronto to avoid paying the Land Transfer Tax. This goes a long way in explaining the disproportionate decline in sales in the City versus surrounding regions.” The average selling price in June was $508,622 – up by 7.3 per cent compared to June 2011. The mortgage payment associated with the average priced hom