Lack Of Supply Is Making It A Great Time To Sell In Toronto!

June 4th, 2014

Toronto real estate sale transactions increased from 9,946 to 11,079 last month (May 2013 vs May 2014). Having said that, the supply of properties was down compared to last year (less listings). All of this led to the average sales prices increasing from $541,000 to $585,000 due to increased buyer competition for these properties. Definitely a great time to sell, as properties are selling fast at high prices with lots of bidding wars!