Real Estate Market in Review – June 2023: Once again last month, we saw sales outpace new inventory in Toronto real estate by a substantial margin. Market conditions continue to remain tight, with June 2023 representing an increased supply crunch relative to last year. Year-over-year, sales were up +13.76 per cent, with new listings up just under +1.0 per cent in the City. Prices rose +2.78 per cent for detached homes, +4.85 per cent for semis, while condo prices remained virtually even. Month-over-month, overall prices were down -4.2 per cent.
Thinking of making a move? Every transaction brings a unique set of circumstances and challenges when it comes to Toronto real estate. To achieve your financial and lifestyle goals, it’s essential to consider the data on key factors such as home type and neighbourhood. Find out where you stand, and plan for what’s next. Get in touch with me to ensure you are able to access the opportunities and results you’re looking for.
Here are the numbers for June:
