Eugene Palermo

Office: 416-925-9191 |


June 2023 Toronto Real Estate Market Report

June was the first month since January when both sales and average sale prices declined, as compared to the month before. June saw 7,481 reported residential resales as compared to almost 9,000 sales in May. The average sales price dropped moderately from $1,195,929 for the Greater Toronto Area as compared to the price of $1,182,120 in May.

Notwithstanding these declines, the market remains exceptionally strong, with demand continuing to outstrip supply. The decline can be attributed to a number of...