Toronto sales surge 15 per cent

Home sales in the GTA increased by 15.7 per cent in the first two weeks of June, compared to the same period in 2014.

The Toronto Real Estate Board says that there were 5,661 homes sold through the MLS with the average selling price rising 12 per cent from a year ago to $650,732. Low rise and condos saw particularly strong price appreciation.

TREB president Paul Etherington said: “We continued to see a record pace of home sales in the first half of June, as homebuyers 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.” 

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