Google+ FANNY LEE & THE TEAM :Own Homes. Grow Wealth. Pass It On.: Toronto Area Home Resale Market - June 2018

Tuesday, July 17, 2018

Toronto Area Home Resale Market - June 2018

Highlights from Toronto Real Estate Board (TREB)'s June data release:-

"8,082 home sales... in June 2018 - up 2.4 per cent compared to the low June 2017 result.  After preliminary seasonal adjustment, sales were also up 17.6 per cent on a monthly basis between May 2018 and June 2018..."  TREB 總裁:"六月錄得8,082單買賣,較2017年六月增2.4%。經季度調整後,2018年六月比5月交易增17.6%..."

> Average selling price was $807,871, 2.0% up from June 2017. 六月平均售價為$80萬8千元,比去年同期升2%。

> Year-over-year increase in low-rise home sales was the reason for overall growth in sales.  獨立屋、半獨立屋、鎮屋銷售增長帶動大市。

> Average price of "416" area condos grew nearly 10% from last June.  對比去年,"416"區共管屋苑平均售價上升差不多達一成。

We spotted a couple of encouraging signs for a more active market.  我們察覺兩個樓市可能將快復甦的徴兆。

> June was the first month with more than 8,000 sales in 13 months (since May 2017).  六月是首次自2017年五月13月內錄得超過8,000宗買賣。

> It is the first month in 2018 that recorded year-to-year growth in both number of sales and average selling price.  在2018年,這是首月錄到交易和售價增長(比較2017同月)。

Perhaps, this was why TREB's Director of Market Analysis said "the expectation is to see improvement in sales over the next year."  也許,這是TREB市場分析監督稱:"來年期望買賣會有改善。"

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