Market Stats for June 2014 courtesy of The Toronto Real Estate Board. Sales/Average Price/Days on Market for mid June 2104

1. Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code
of Ethics and share a state-of-the-art Multiple Listing Service. Over 39,000 TREB Members serve
consumers in the Greater Toronto Area. TREB is Canada’s largest real estate board.
-30-
GREATER TORONTO REALTORS® REPORT MID MONTH RESALE HOUSING
MARKET FIGURES
TORONTO, June 17, 2014 – Toronto Real Estate Board President Dianne Usher announced that both
sales and new listings were up substantially during the first 14 days of June 2014 compared to the same
period in 2013.
“If the first two weeks of June are any indication, we may be seeing a turnaround in the supply of homes
for sale in the Greater Toronto Area. New listings were up on a year-over-year basis for most major
home types in the City of Toronto and surrounding regions. However, sales growth outpaced growth in
new listings, which suggests that there is still a lot of pent-up demand yet to be satisfied, so sellers’
market conditions will likely remain in place for the remainder of 2014,” said Ms. Usher.
Sales reported through the TorontoMLS system during the first two weeks of June amounted to 4,938 –
up by 11.3 per cent in comparison to 2013. New listings were up over the same period by 7.8 per cent to
8,825.
The average selling price for June mid-month transactions was $582,100, which represented an increase
of 8.6 per cent compared to the average of $535,865 in 2013.
“Average selling prices were up across the GTA for low-rise home types like singles, semis and
townhouses as well as for condominium apartments. This is no surprise given that the number of
transactions was up compared to 2013 by a greater rate than the number of new listings, which suggests
that competition between buyers arguably increased,” said Jason Mercer, TREB’s Senior Manager of
Market Analysis.
Summary
of
TorontoMLS
Sales
and
Average
Price
June
1
-­‐
14
2014
2013
Sales
Average
Price
New
Listings
Sales
Average
Price
New
Listings
City
of
Toronto
("416")
1,835
$644,115
3,492
1,574
$589,450
3,116
Rest
of
GTA
("905")
3,103
$545,427
5,333
2,863
$506,405
5,071
GTA
4,938
$582,100
8,825
4,437
$535,865
8,187
TorontoMLS
Sales
&
Average
Price
By
Home
Type
June
1
-­‐
14,
2014
Sales
Average
Price
416
905
Total
416
905
Total
Detached
679
1,828
2,507
941,813
652,146
730,600
Yr./Yr.
%
Change
23.7%
9.2%
12.8%
7.5%
7.9%
8.8%
Semi-­‐Detached
209
344
553
702,782
452,261
546,943
Yr./Yr.
%
Change
12.4%
13.2%
12.9%
10.3%
9.8%
10.0%
Townhouse
219
549
768
485,394
394,993
420,771
Yr./Yr.
%
Change
23.7%
3.2%
8.3%
7.2%
4.8%
6.3%
Condo
Apartment
714
302
1,016
397,942
300,870
369,088
Yr./Yr.
%
Change
10.9%
7.5%
9.8%
5.7%
5.6%
5.9%
Media Inquiries: Mary Gallagher, Senior Manager Public Affairs (416) 443-8158 maryg@trebnet.com
NEWS RELEASE