07/30/2023
💥 JUNE 2023 MARKET STATS 💥
I do not share the same beliefs as most real estate agents. I do not believe that housing prices should continue to rise and that consumers should “invest” in real estate. I do not believe that people should be profiting off of a “basic” human need, like shelter and housing.
I can absolutely relate to those young people who are struggling to make their mortgage payments, or those that struggle to find affordable housing. So it’s really discouraging to see borrowing rates increase without the fall of real estate prices. Though those trends may be seen in some parts of Canada, it’s not the reality in most of the GTA.
Regarding real estate statistics for June, the average price of a home in the GTA was $1,182,120, a 1.2% decrease month-over-month.
Real estate activity was higher, with an increase of 16.5% in sales year-over-year.
The GTA really needs more housing in order to accommodate the increasing population. If you’re looking for specific regional statistics or if you have any questions, don’t hesitate to reach out.
If you’re looking for a real estate agent that truly cares about you and your well-being, I’m your agent.
416.890.1824
[email protected]