This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies. More information

**Vaughan Luxury Homes For Sale**
December 11th, 2018 
Kaleem Salahuddin
Sales Representative

Visit my blog
Visit me on Facebook
Visit me on LinkedIn
Follow me on Twitter
My videos on YouTube
print version
Toronto Real Estate Market Watch  May 2012
Strong Sales and Price Growth in May

June 5, 2012 -- Greater Toronto REALTORS® reported 10,850 transactions through the TorontoMLS system in May 2012 – an 11 per cent increase over the 9,766 sales in May 2011. Sales growth was strongest in the ‘905’ regions surrounding the City of Toronto.

“Sales growth in the ‘905’ area code was stronger than growth in the City of Toronto across all major home types. While lower average prices are certainly one factor that has contributed to this trend, recent polling also suggests that the City of Toronto’s land transfer tax has also prompted many households to look outside of the City for their ownership housing needs,” said Toronto Real Estate Board (TREB) President Richard Silver.

New listings were up substantially on a year-over-year basis in May – rising by more than 20 per cent to 19,177.

The average price for May 2012 sales was $516,787, representing an annual increase of 6.5 per cent compared to $485,362 in May 2011. Price growth continued to be driven by the low-rise market segment.

“Strong competition between buyers seeking to purchase low-rise home types drove strong price growth in May. However, if new listings continue to grow at the pace they did in May for the remainder of 2012, the annual rate of price growth should begin to moderate on a sustained basis,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

CLICK HERE FOR COMPLETE  MAY 2012 MARKET WATCH.

________________________________________________________________________

Market Comparison Charts
TRONTO REAL ESTATE MARKET TREND CHATS MAY 2012

TREB CHART 2012

CLICK HERE FOR MORE MARKET TREND CHARTS

View more services  
adminlistingsprivacy policycontactsite map