{"id":777569,"date":"2026-07-03T12:00:10","date_gmt":"2026-07-03T12:00:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/777569\/"},"modified":"2026-07-03T12:00:10","modified_gmt":"2026-07-03T12:00:10","slug":"toronto-real-estate-home-sales-up-prices-expected-to-rise","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/777569\/","title":{"rendered":"Toronto real estate: Home sales up, prices expected to rise"},"content":{"rendered":"<p class=\"c-paragraph\">TORONTO \u2014 The Greater Toronto Area continued to see higher home sales last month compared with a year ago even as new listings slowed.<\/p>\n<p class=\"c-paragraph\">With 6,770 homes in the region changing hands in June, activity was up 9.4 per cent year-over-year, while sales also rose 1.4 per cent from May on a seasonally adjusted basis.<\/p>\n<p class=\"c-paragraph\">The Toronto Regional Real Estate Board says the <a href=\"https:\/\/trreb.ca\/market-gains-traction-with-strong-home-sales-in-june-and-first-half-of-the-year\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/trreb.ca\/market-gains-traction-with-strong-home-sales-in-june-and-first-half-of-the-year\/\">average selling price<\/a> decreased 3.9 per cent year-over-year to $1,058,658, and the composite benchmark price, meant to represent the typical home, was down 5.4 per cent.<\/p>\n<p class=\"c-paragraph\">TRREB president Daniel Steinfeld says there was a \u201cmarked improvement\u201d for activity in the second quarter after a slow start to the year, and the board expects both accelerating transactions and more competition between buyers in the second half, which could push prices higher.<\/p>\n<p class=\"c-paragraph\">There were 17,282 new listings on the market in June, down 12.9 per cent from last year.<\/p>\n<p class=\"c-paragraph\">Inventory fell 13.5 per cent as there were 27,329 total active listings in the GTA.<\/p>\n<p class=\"c-paragraph\">This report by The Canadian Press was first published July 3, 2026.<\/p>\n<p class=\"c-paragraph\">Sammy Hudes, The Canadian Press<\/p>\n<p>Related Stories<\/p>\n","protected":false},"excerpt":{"rendered":"TORONTO \u2014 The Greater Toronto Area continued to see higher home sales last month compared with a year&hellip;\n","protected":false},"author":2,"featured_media":777570,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[45,49,48,1007,968,3302],"class_list":["post-777569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-business","tag-ca","tag-canada","tag-construction","tag-real-estate","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/777569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=777569"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/777569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/777570"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=777569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=777569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=777569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}