Here are the most current sales figures for the GTA real estate market.

Overall, there was a drop in June of 5.45% over last June for sales in the GTA, with the trend being led by Toronto sales down fully 13%.  A little more encouraging though is that prices have held steady and actually show a growth rate of 7.3% over this time last year.

One reason that is sighted for the drop in sales in Toronto is the HATED Land Transfer Tax which boosts up front purchase costs for buyers. In fact, there is some speculation that this Tax is driving buyers to the "905" area.

You be the judge! Enjoy this interesting info!