House Toronto

Toronto's housing market set another record last month

It's heating up all over Toronto, especially in our housing market. Yes, we hit another record last month as the competition to lock down single family dwellings remains fierce, according to the Toronto Real Estate Board (TREB).

As the Financial Post reports, nearly 13,000 homes were sold in the GTA last month, up 10.6 per cent since May 2015. In total, 12,870 homes changed hands last month; 4,638 were in Toronto proper and the rest (8,232) were in the suburbs.

Yet despite the record number of sales, there's a shortage of single family homes, writes the Post. In total, 17,412 new listings hit the market last month; that's six per cent fewer than May 2015.

Photo by sssteve.o! via the blogTO Flickr pool.


Latest Videos



Join the conversation Load comments

Latest in City

Here's what to do if you encounter someone smoking crack on the TTC

Toronto's curbside patios and bike lanes barely added any traffic despite outrage

Toronto residents shaken after huge explosion at encampment under bridge

A literal road to nowhere near Toronto is a chaotic mess of road paint lines

New York Times editor shouts out Toronto's massive turkey-shaped building

Toronto construction goes from bad to worse after sinkhole found below streetcar tracks

Toronto company fined $50K after worker injured while laying pipe

People living in Toronto are feeling more socially isolated than ever before