But the Toronto Real Estate Board (TREB) warned that the 9,989 transactions last month remain below the decade-average and follow last May’s 15-year low. “If we continue to see growth in sales outstrip growth in new listings, price growth will accelerate,” TREB said in a release on Wednesday. Prices remained higher in the city of Toronto where the average condo sold for $642,891 and the average detached house was $1.39 million. That compares to an overall 4.71 per cent price gain in the city of Toronto and a 1.09 per cent decline in York Region. The seasonally adjusted 2.8 per cent price gain in May was the largest month over month increase since June 2018.

Source: thestar June 05, 2019 09:01 UTC