Loreiro Real Estate

• We have a number of exciting projects launching this fall! Join us on September 14th where we'll be covering the best of the best in GTA pre-construction, and providing first access opportunities to our clients. Link in bio to register!

The June Market Report is out! Swipe for stats 📊
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June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The city of Toronto saw an increase of 5.6% in sale prices across all home types.⁠
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GTA Realtors reported 11,106 sales through TRREB’s MLS System in June 2021 (with 3,850 in Toronto) up by 28.5% compared to June 2020. Looking at the GTA as a whole, Y-O-Y sales growth was strongest in the condo market segment.⁠
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According to TRREB President Kevin Crigger “We have seen market activity transition from a record pace to a robust pace over the last three months. While this could provide some relief for homebuyers in the near term, a resumption of population growth based on immigration is only months away. While the primary focus of policymakers has been artificially curbing demand, the only longterm solution to affordability is increasing supply to accommodate perpetual housing needs in a growing region.”