Toronto Real Estate – May Market Statistics

Both Prices and sales are up, with over 10,000 sales in the month of May.  Average selling price is about $485,000.00. Listings are still tight but hopefully we will have more listings coming on the market in the coming months. Right now it is very competitive if you are a buyer.   A more balanced market is predicted towards the end of the year.  The payment ratio to price is still affordable for most people in the GTA. Here’s the info.