City of Toronto Property Pulse™ - June 2024【OPSTRA®AgentOpinionLeader™】
- In June, the average resale property price in the city of Toronto increased by 2% year-over-year, while transaction volume decreased by 21%.
- Across different areas of Toronto, there were mixed changes in home prices year-over-year: Downtown saw the largest decline with a 5% decrease, followed by Midtown with a 1% decrease. North York remained stable, Scarborough saw a 1% increase, and Etobicoke saw a 4% price increase year on year. Additionally, North York and Etobicoke saw month-over-month price increases of 2% and 3%, respectively.
- Category-wise, detached houses and condos in Toronto saw slight year-over-year decreases of 1%, while semi-detached houses decreased by 9%, and townhouses increased by 2% year-on-year
- In terms of transaction volume, all regions and housing types in Toronto saw declines year-over-year, with condos and Downtown Toronto experiencing the largest decreases in year-over-year transaction volume.
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