The housing market in the Greater Toronto Area (GTA) is displaying mixed signals, indicating a potential impending shift. In June, the average price of properties in the GTA decreased by $13,972, resulting in a final price of $1,182,129. However, when compared to the previous year, average sale prices have still seen a significant increase of $35,875. This is the first occurrence in 2023 where month-over-month values dropped, but it also marks the first positive yearly comparison.

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David Dunkelman

Broker
cell 416.726.6574
office 416.489.2121
Johnston & Daniel Division, Royal LePage Real Estate Services Ltd., Brokerage