GTA MARKET INSIGHT, TORONTO WEST END FOCUS.
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TRREB market update
June brought another step forward for the GTA housing market. Sales rose again, new listings moved lower, and active inventory continued to tighten, pointing to a more balanced market heading into the second half of the year. Prices remained below last year’s levels, but the rate of decline continued to ease as demand returned through the spring.
May brought another step forward for the GTA housing market. Average prices rose for the fourth straight month, sales climbed to their highest level since October, and active inventory continued to trend lower than last year. Buyers still had choice and negotiating room, but the spring market showed firmer demand and a steadier pricing backdrop than earlier in the year.
