With 7,176 homes changing hands across the GTA, June 2001 was the best June ever for sales, and the second best monthly sales total in Toronto history, TREB President David Pearce announced today.

“To get some idea of the strength of the market, more houses have sold in the past two months (14,661) than in the first six months of the 1990 recession. We’re on pace for a record year.” Prices were stable in June, Mr. Pearce went on to note, with the average clocking in at $258,797, a 1% increase over May’s $255,460 and a 4% increase over June 2000’s $247,929 figure.

Breaking down the total, 2,721 sales were reported in TREB’s 28 West districts and averaged $235,186; 1,200 sales were reported in the 14 Central districts and averaged $375,750; 1,389 sales were reported in the 23 North districts and averaged $282,673; and 1,866 sales were reported in TREB’s 21 East districts and averaged $200,243.

Click to view Residential Market Update – June 2001