GTA REALTORS(R) Release Mid-Month Resale Housing Figures

TORONTO, ONTARIO--(Marketwired - June 16, 2015) - Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 5,661 home sales through TREB's MLS® System during the first two weeks of June 2015. This result represented a 15.7 per cent increase compared to the same period in 2014.

"We continued to see a record pace of home sales in the first half of June, as home buyers remained upbeat on ownership housing as a quality long-term investment. Growth in home sales was widespread, with year-over-year increases for all major home types, suggesting that households from many different age groups and walks of life are active in today's market," said Mr. Etherington.

The average selling price for transactions reported during the first 14 days of June was $650,732 - up 12 per cent in comparison to the first 14 days of June 2014. Strong price growth was noted for low-rise home types and condominium apartments.

"The familiar story of strong demand running up against a constrained supply of homes for sale continued to play out in the first half of June. Modest growth in new listings was not enough to offset the pent-up demand that has built during the first half of 2015. As a result, strong competition between buyers continued to result in strong price growth," said Jason Mercer, TREB's Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price - June 1-14, 2015

	2015			2014
	Sales	Average Price	New Listings	Sales	Average Price	New Listings
City of Toronto ("416")	2,087	697,648	3,596	1,819	645,582	3,474
Rest of GTA ("905")	3,574	623,336	5,304	3,074	542,615	5,279
GTA	5,661	650,732	8,900	4,893	580,894	8,753

TorontoMLS Sales & Average Price By Home Type - June 1-14, 2015

		Sales						Average Price
		416		905		Total		416			905			Total
Detached		716		2,159		2,875		$	1,070,472		$	745,288		$	826,273
	Yr./Yr. % Change	7.0	%	19.2	%	15.9	%		13.0	%		15.1	%		13.4	%
Semi-Detached		220		342		562		$	744,569		$	487,285		$	588,001
	Yr./Yr. % Change	5.8	%	1.5	%	3.1	%		5.8	%		7.9	%		7.3	%
Townhouse		251		634		885		$	535,312		$	460,785		$	481,922
	Yr./Yr. % Change	15.7	%	15.9	%	15.8	%		10.0	%		16.7	%		14.5	%
Condo Apartment		878		355		1,233		$	433,968		$	317,756		$	400,509
	Yr./Yr. % Change	23.5	%	18.7	%	22.1	%		8.9	%		5.5	%		8.3	%

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.