Toronto, Ontario home sales set another record with 10.6% sales volume increase in May 2016 compared to May 2015.
The average sales price for all home Types is to be noted at a staggering increase of "15.7% over the same period"*. This was mostly caused by the reoccurring theme in #Toronto's #Realestate marketplace - a decrease in listing/inventory for the month.
In the 416 area the climb of the detached home is continuing with the average detached now at $1,285,693 or a 15.2% increase year over year when comparing May 2015 to May 2016 $ value.*
*Information From TREB.
Check out the May monthly #Toronto #Realestate statistics located onTREB Market updates for your home type or desired home type. - http://www.trebhome.com/market_news/release_market_updates/news2016/nr_market_watch_0516.htm