Toronto home sales and prices up from last June, down from May: TRREB

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Toronto home sales and prices up from last June, down from May: TRREB
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\u0022Home sales were hampered last month by uncertainty surrounding the Bank of Canada\u0027s outlook on inflation and interest rates.\u0022

From February to May, average prices and sales ticked up once more and sellers started to have the confidence to list their homes again.The average home sold for $1,182,120 last month, up 3.2 per cent from the June before. However, the price was below the average of $1,195,929 that homes went for in May.

Condo apartments were a different story, with prices dropping on average by 1.1 per cent from last year. The change was meagre — a mere 0.2 per cent in the 416 — but higher in the 905, where it dropped by 1.1 per cent.Article content

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