Market Report

In June, sales in the Toronto metro area rose to 6,770, up 3% month over month and 8% year over year, though still 13% below the 10-year average. This increase was unusual for this time of year, as sales volumes typically decline from June through December.

New listings edged down 2% month over month to 17,282 units in June, down 13% year over year but 1% above the 10-year average. Listing volume generally decreases from June through December.

Active inventory rose to 27,329 units in June, increasing 1% month-over-month while remaining 14% lower year-over-year and 38% above the 10-year average. The increase was slightly unusual for this time of year, as active inventory typically declines from June through December.