Real estate stats for end of June

It’s not as bad as the media indicates.  No, the sky is not falling.  We expected an incredible spring market due to lack of inventory last year, especially as the year wound down.  Multiple offers (some even had over 70 offers!) all over the GTA pushed prices into the stratosphere.  Now that inventory has picked up (somewhat – we’re still in a sellers’ market, far from even a balanced market), prices have started to fall… as expected!  

Single Family Properties & All Types:

 

Condos:

 

Across the GTA: