Market Update: May 2019

Market Update: May 2019

All statistics via Toronto MLS Market Watch.

As per the most recent Market Watch Report from the Toronto Real Estate Board:

Toronto Real Estate Board President Garry Bhaura announced that
Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.*

While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it
should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.

The year-over-year uptick in sales experienced so far in the second quarter of 2019 reflects spring polling
results from Ipsos (undertaken on behalf of TREB) suggesting that the share of likely home buyers in the
Greater Toronto Area has edged upwards since the fall.

Read the full report here.

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