Toronto Real Estate Board and Board Officials

Toronto real estate prices: Toronto Real Estate Board figures released Friday, showed home sales rose 10.6 per cent in May, compared to the same month last year, according to Toronto Star. Board officials blame the shortage of listings - 6.4 per cent or 1,230 fewer last month compared to May 2015 - for driving prices up 15.7 per cent from the same period last year. By Tess Kalinowski Real Estate Reporter Fri., June 3, 2016 Toronto real estate prices continue to climb amid fresh calls for more protections against the possibility of rising interest rates. Toronto home prices increased $64,262 on average to $782,051, compared to the same period last year. Article Continued Below The latest statistics come only days after the Paris-based Organization for Economic Co-operation and Development called on Ottawa to further tighten mortgage lending rules. Region-wide, the average was $751,908, up from $739,082 in April. (www.immigrantscanada.com). As reported in the news.