In the first half of June, the Toronto-area resale housing market showed a slight drop in closed transactions compared to the same period a year ago, the Toronto Real Estate Board reported today.

Realtors documented 4,074 home sales during the first half of June, down 5.4 percent from the same period a year ago when 4,308 home sold. Average time on the market for each sale remained very low at 32 days.

“Market conditions have been very good all spring, and the strong activity we’ve seen is a reflection of that,” said TREB President John Meehan said. “With just a few days remaining, this spring has so far been over 2 percent more active than last spring.”

The average price for a home in the Toronto area at mid-month was $358,648, up 4 percent from the end of June 2005, TREB reported.

Toronto’s eastern waterfront continued to be very active during the first half of June, according to TREB. The Beach neighborhood saw 30 percent more homes changing hands compared to mid-June 2005, with detached homes the most active type. Immediately to the east in Scarborough’s Cliffside/Birchmount Park area, a 55 percent increase in activity took place through mid-month, compared with mid-June figures from last year.

Further west, strong sales of condominiums and semi-detached homes in the Junction/High Park area of Toronto pushed overall sales 40 percent higher than the first half of last June.

The Toronto Real Estate Board serves more than 23,000 Realtors throughout the Greater Toronto area.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription