Toronto Real Estate Snapshot, Powered By Zoocasa (May 29 – June 4)

decline

The demand for detached houses continues to drive performance in the spring Toronto real estate market. A total of 160 homes changed hands this week, a hefty 30 per cent increase from last year, though -3 per cent below the late-April boom. The same factors weren’t at play for the semi-detached segment, however, which saw sales fall -15 per cent from 2018 and -24 per cent from last month with a total of 45 transactions. It’s important to keep in mind, though, that due to overall smaller inventory, sales trends for this home type can swing more dramatically than their detached counterparts.

It is still proving to be a slower month for the multi-family housing market; sales for townhouses stayed relatively flat, with 0 per cent growth year-over-year with 25 sales, down -26 per cent from last month. Condo units, however, enjoyed a 4 per cent year-over-year uptick with 165 transactions, though remaining -19 per cent below April levels.

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