Wednesday, June 10, 2015

Toronto versus Vancouver Real Estate Prices as of June 2015

Hello from Beautiful Mississauga

I was reading about real estate prices and comparisons between Toronto and Vancouver.  Suddenly, Toronto rose quicker than Vancouver last month.

Some of the figures were:

In the Greater Toronto Area

  • year-over-year monthly home sales rose 6.3 percent to 11,706 in May
  • while home prices climbed 11 percent to $649,599
  • Detached homes outpaced the average, up 13.9 percent in the GTA to $829,792
  • Detached home prices were up 18.2 percent in the downtown core to $1,115,120

In Metro Vancouver

  • year-over-year monthly home sales rose 23.4 percent to 4,056 in May
  • while home prices climbed 9.4 percent to $684,400
  • Detached homes again outpaced the average, up 14.1 percent in the metropolitan area to $1,104,900
  • Detached home prices were up 14.4 percent in Vancouver West to $2,554,900.

I hope this finds you Happy and Healthy!
All the Best!
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987

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