May 2016 – Market Stats

May 2016 – Market Stats

Toronto Real Estate Board has reported May 2017 total sales were down by 20.3 per cent compared to sales reported in May 2016. Sales of detached homes were down by 26.3 per cent. Sales of condominium apartments were down by 6.4 per cent.  The number of properties available for sale at the end of May were up by 42.9 per cent compared to the lowest level in 15 years recorded in May 2016, but remained below the average and peak during that period.