Key facts
- Greater Toronto Area home sales increased by 1.4% in June compared to May.
- June marked the fourth consecutive month of rising home sales in the GTA.
- GTA home sales reached their highest level in June since November.
- The Greater Toronto Area's home price index rose by 0.3% in June from May.
- The data signals a market recovery after a slow start to the year.
Home sales in the Greater Toronto Area (GTA) experienced a notable increase in June, rising by 1.4% compared to May. This marks the fourth consecutive month of sales growth, pushing the total to its highest level since November. Alongside the rise in sales volume, the region's home price index also saw an uptick, increasing by 0.3% from the previous month. These figures suggest a market recovery is underway in the GTA after a slow start to the year. The sustained positive momentum in both sales and prices indicates a strengthening real estate market.