Greater Toronto Real Estate Market Update 2013-05

June 7, 2013 - Updated: June 7, 2013

 

GTA MARKET UPDATES

Greater Toronto Area Real Estate Market Update

May 2013

"The annual rate of price growth in May was not surprising given the competition that still exists between buyers, particularly for low-rise home types such as single-detached and semi-detached houses. We remain on track for a three-and-a-half per cent increase in the average selling price for 2013 as a whole," said Jason Mercer, TREB’s Senior Manager of Market Analysis.

The Average Selling Price for homes in the GTA .....up 5.4% from the same period last year

Over all sales numbers..... Down 3.4% from the same period last year.

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