In June 2023, GTA home prices and sales volume dipped from last month while still surpassing the previous year's figures.
As buyers and sellers were getting accustomed to the lending environment, the BoC further increased interest rates causing some uncertainty in the market.
Still, semi-detached homes showed resilience in prices, being the only type to increase average sale price from last month. Volume in more affordable property types, especially condos, surged from the previous year.