Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

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Toronto Market Up 16.8% in a Year (June 2016)

July 15, 2016 - Updated: July 15, 2016

Toronto Market Up 16.8% in a Year (June 2016)

 

For those who are following the market, here is a list of the average prices for single family homes in the GTA (Greater Toronto Area) in 2015 and for the first six months of 2016, as reported by the Toronto Real Estate Board.

 

2015

 

January                $552,925

February              $596,320

March                   $613,818

April                    $636,094

May                      $649,648

June                     $639,309

July                      $608,875

August                 $603,534

September            $627,818

October                $630,254

November            $632,800

December             $608,753

 

2016

 

January                $630,527

February              $686,058

March                   $687,936

April                    $739,082

May                      $751,908

June                     $746,546

 

Let’s do a calculation from last June. This will give us the “trailing 12 months”.

 

If we undertake that calculation, we have a $107,237.00 increase from $639,309.00 to $746,546.00, which is a 16.8% increase for the trailing 12 months.

 

Commonly, the real estate industry will use the trailing 12 month period as a reasonable guideline.

 

For those who look at the numbers here on a regular basis, it should be noted that there are frequently revised numbers and corrections published by TREB subsequently. So, for example the May number, which is first posted in June will be adjusted and republished in July. So, the numbers will always be a “little off”.

 

 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: june 2016 treb results strong performance. 16.8
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Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

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