Monthly Resale Market Figures in Toronto for June 2012

Following is a summary of the monthly resale market statistics for the month of June 2012 as reported by Toronto Real Estate Board:

• 9,422 home sales through MLS in June 2012
• Transactions down 5.4% in comparison to June 2011
• Largest decline was in the City of Toronto – sales down 13% compared to June 2011
• Average selling price was $508,622 – up 7.3% compared to last June
• Average household income going toward home ownership for the average priced home is 35%

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