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TREB June 2012 data indicated the Greater Toronto Area home resales decreased by 5.4% from June 2011 while the average sale price increased by 7.3% to $ 508,622.
A couple of points to highlight:-
* Number of resales dropped 13% (year-to-year) for City of Toronto. The City's Land Transfer Tax is a culptit
* Condo resales declined by 18% in the whole of GTA
* Detached, semi-detached, townhomes resale market in 905 area continues to be active and growing
source: TREB Market Watch June 2012
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