June 2020 Market Commentary

Featured Property - 515 Ann Avenue. Burlington , ON

According to the Toronto Real Estate Board (TREB) the average sale price in the GTA last month was  $939,859 - an all time high surpassing the last 3 years. This uptake in sale price is the norm across all boards from Toronto to Niagara. RAHB reported a whopping 14% year over year increase  for June in Hamilton-Burlington.

With low supply of new listings, historically low interest rates and loosening COVID-19 restrictions, there seems to be no signs of a cooling market. Read the full TREB and RAHB report.