GTA REALTORS(R) Release Monthly Resale Housing Figures

TORONTO, ONTARIO--(Marketwired - July 7, 2015) - Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB's MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132.

"As I begin my term as TREB President, I think it is important to point out that our region continues to grow in response to our diverse economic, ethnic and cultural bases. The GTA consistently receives international accolades as one of the best places in the world to live and do business. As the number of households grow, many of them will take advantage of the diversity of affordable home ownership opportunities that exist in Toronto and the surrounding areas," said Mr. McLean.

Selling prices were up markedly on a year-over-year basis in June, for all major home types. The MLS® Home Price Index (HPI) Composite Benchmark was up by 8.9 per cent in comparison to June 2014. The average selling price was up by 12.3 per cent over the same period to $639,184.

High-end homes have accounted for a greater share of overall transactions this year compared to last year. This is the key reason why the average selling price has increased at a greater annual rate than the MLS® HPI Composite Benchmark.

"It is encouraging to see that new listings have edged upward so far this year, as homeowners have reacted to strong home price growth and have looked to take advantage of increased equity in their homes. However, the annual rate of sales growth continues to far outstrip listings growth, which means that there remains a lot of willing buyers in the marketplace who haven't found a home that meets their needs. As long as this situation persists, expect home prices to trend strongly upward," said Jason Mercer, TREB's Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price
	June 1 - 30
	2015				2014
	Sales	Average Price		New Listings	Sales	Average Price		New Listings
City of Toronto ("416")	4,406	$	682,264	7,169	3,780	$	618,526	6,499
Rest of GTA ("905")	7,586	$	614,162	10,577	6,352	$	539,806	10,134
GTA	11,992	$	639,184	17,746	10,132	$	569,174	16,633

TorontoMLS Sales & Average Price By Home Type
		June 1 - 30, 2015
		Sales									Average Price
		416			905			Total			416			905			Total
Detached		$	1,488		$	4,457		$	5,945		$	1,051,912		$	738,016		$	816,583
	Yr./Yr. % Change		13.7	%		20.0	%		18.3	%		14.2	%		15.0	%		14.3	%
Semi-Detached		$	456		$	754		$	1,210		$	761,819		$	496,740		$	596,638
	Yr./Yr. % Change		1.8	%		10.6	%		7.1	%		13.2	%		10.7	%		11.0	%
Townhouse		$	509		$	1,396		$	1,905		$	539,259		$	459,004		$	480,447
	Yr./Yr. % Change		21.2	%		18.4	%		19.1	%		10.8	%		14.0	%		13.1	%
Condo Apartment		$	1,906		$	794		$	2,700		$	418,599		$	324,388		$	390,894
	Yr./Yr. % Change		21.3	%		25.2	%		22.4	%		7.0	%		4.6	%		6.3	%

June 2015 Year-Over-Year Per Cent Change in the MLS® HPI
	Composite (All Types)		Single- Family Detached		Single- Family Attached		Townhouse		Apartment
TREB Total	8.94	%	10.53	%	10.09	%	8.00	%	3.64	%
Halton Region	8.99	%	9.20	%	9.02	%	7.10	%	-
Peel Region	8.62	%	9.87	%	9.99	%	7.38	%	2.43	%
City of Toronto	6.58	%	8.40	%	7.33	%	7.39	%	3.64	%
York Region	12.83	%	13.52	%	13.88	%	10.55	%	4.07	%
Durham Region	12.35	%	12.45	%	13.71	%	10.34	%	7.10	%
Orangeville	6.06	%	7.03	%	5.84	%	-		-
South Simcoe County(1)	10.62	%	10.31	%	9.97	%	-		-

(1)	South Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth.

Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 40,000 TREB Members serve consumers in the Greater Toronto Area. TREB is Canada's largest real estate board.