By The Numbers 

The Toronto Real Estate Boards statistics year over year for the month of June. 

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11,106

TREB Sales 

June  2021

8,645

TREB Sales 

June 2020

$1,089,536

TREB Average 

June 2021

$931,131

TREB Average Price June 2020

June Numbers 2021

  • Number of Sales 2021
    11,106 | +28.5%
  • Number of Sales 2020
    8,645
  • Number of New Listing 2021
    16,189 | -0.1%
  • Number of New Listings 2020
    16,208
  • Number of Active Listing 2021
    11,297 | 7.0%
  • Number of Active Listings 2020
    14,001
  • Average Price 2021
    $1,089,536| +17.0%
  • Average Price 2020
    $931,131
  • Average Days on the Market (DOM) 2021
    13 Days | -28.0%
  • Average Days on the Market (DOM) 2020
    18 Days

TREB Market Summary

June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the previous three months.

Greater Toronto Area REALTORS® reported 11,106 sales through TRREB’s MLS® System in June 2021 – up by 28.5 percent compared to June 2020. Looking at the GTA as a whole, year-over-year sales growth was strongest in the condominium apartment segment, both in the City of Toronto and some of the surrounding suburbs. On a month-over-month basis, both actual and seasonally adjusted sales continued to trend lower in June.

“We have seen market activity transition from a record pace to a robust pace over the last three months. While this could provide some relief for homebuyers in the near term, a resumption of population growth based on immigration is only months away. While the primary focus of policymakers has been artificially curbing demand, the only long-term solution to affordability is increasing supply to accommodate perpetual housing needs in a growing region,” said TRREB President Kevin Crigger.

In all major market segments, year-over-year growth in sales well outpaced growth in new listings over the same period, pointing to the continuation of tight market conditions characterized by competition between buyers and strong price growth. On a month-over-month basis, both actual and seasonally adjusted average prices edged lower in June.

The June 2021 MLS® Home Price Index composite benchmark was up by 19.9 percent year over year. The average selling price for all home types combined was up by 17 percent over the same time period to $1,089,536. While price growth continued to be driven by the low-rise segments of the market, it is important to note that the average condominium apartment price was up by more than eight percent compared to June 2020, well-outstripping inflation.

Breaking Down The Numbers

Sales Numbers, average price  percentage changes over the same time last year.

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Detached

$1,407,540 | +24.8%

5,169 | +17.1%

Townhouse

$859,411 | +17.8%

1,971 | +25.9%

Semi Det. 

$1,055,640 | +13.4%

1,056 | +33.7%

Condo Apt.

$683,479 | +8.3%

2,800 | +57.0%

Number of Sales

Year-Over-Year Percent Change

  • 416 - Detached
    1,085 | +21.9%.
  • 905 - Detached
    4,084 | +15.9%
  • 416 - Semi Detached
    422 | +61.7%
  • 905 - Semi Detached
    634 | +19.8%
  • 416 - Townhouse
    425 | +17.4%
  • 905 - Townhouse
    1,546 | +28.5%.
  • 416 - Condos
    1,901 | +48.6%
  • 905 - Condos
    899 | +78.4%

Average Price

Year-Over-Year Percent Change

  • 416 - Detached
    $1,699,881 | +11.5%
  • 905 - Detached
    $1,329,873| +29.4%
  • 416 - Semi Detached
    $1,267,044 | -1.9%
  • 905 - Semi Detached
    $914,926 | +21.5%
  • 416 - Townhouse
    $941,474 | +9.9%
  • 905 - Townhouse
    $836,851 | +21.0%
  • 416 - Condo
    $717,466| +6.7%
  • 905 - Condo
    $611,610 | +15.9%

Economic Indicators

  • Real GDP Growth | Q1 - 2021
    Down | +5.7%
  • Toronto Employment Growth | May 2021
    Up | +9.2%
  • Inflation Rate (Yr/Yr CPI Growth) | May 2021
    Up | 3.6%
  • Toronto Unemployment Rate | May 2021
    Down | 9.6%
  • Bank of Canada Overnight Rate | June 2021
    Unchanged | 0.25%
  • Prime Rate | June 2021
    Unchanged | 2.45%
  • Mortgage Rates June 2021 (1yr/3Yr|5Yr)
    2.79% | 3.49% | 4.79%
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