Toronto real estate market

Toronto home sales see huge increase since same time last year

Toronto’s real estate market is shifting according to the latest stats from the Toronto Real Estate Board.

In May, 9,989 homes were sold, which is nearly 18.9 per cent higher than May last year, when the market was at its lowest in 15 years.

Meanwhile, the number of listings barely rose. There was 19,386 houses put on the market, which was only a 0.8 per cent increase.

The market's health is improving, but it is still below the average number of home sales in May over the last decade, which is almost 10,300.

"After a sluggish start to 2019, the second quarter appears to be reflecting a positive shift in consumer sentiment toward ownership housing,” TREB president Garry Bhaura said yesterday.

The average selling price was up by 3.6 per cent at $838,540. The majority of this growth was rooted in the condominium, apartment and townhouse markets.

Lead photo by

145 Madison Avenue


Join the conversation Load comments

Latest in Real Estate

More than one-third of parents in Toronto are helping their kids pay rent

People in Toronto are moving homes a lot less than they used to

House of the week: 1 Shorncliffe Avenue

Toronto house prices have started to go up again

Toronto has more construction cranes than anywhere else in North America right now

Downtown Toronto is getting two new boutique hotels

Sold! This is what a $4.4 million house looks like in Toronto

The average price of a home in the Greater Toronto Area is now $830K