Toronto Real Estate and Neighbourhoods Blog | Move Smartly: Toronto Real Estate Market Statistics – May 2011

Sales were up 6% to 10,046, the second best monthly sales volume for May on record.  

Sales

The drop in supply and increase in demand for homes pushed the sales-to-inventory ratio further into seller’s market territory to 54%.  

Ratio

Turning to the Teranet-National Bank House Price Index, house prices in March were up from the previous month in every city except Calgary. Over the past year Montreal and Ottawa have seen the highest appreciation in house values at 7.5% and 7.2% respectively. Calgary and Toronto round out the worst performers with a -3.3% and 3.9% change in house values respectively.

HPIndex

John Pasalis is the Broker Owner of Realosophy Realty Inc in Toronto. Realosophy focuses on researching Toronto neighbourhoods to help their clients make smarter real estate decisions. Email John

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About Tariq Sultan
Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

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