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TORONTO, June 16, 2015 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 5,661 home sales through TREB’s MLS® System during the first two weeks of June 2015. This result represented a 15.7 per cent increase compared to the same period in 2014.

“We continued to see a record pace of home sales in the first half of June, as home buyers remained upbeat on ownership housing as a quality long-term investment. Growth in home sales was widespread, with year-over-year increases for all major home types, suggesting that households from many different age groups and walks of life are active in today’s market,” said Mr. Etherington.

The average selling price for transactions reported during the first 14 days of June was $650,732 – up 12 per cent in comparison to the first 14 days of June 2014. Strong price growth was noted for low-rise home types and condominium apartments.

“The familiar story of strong demand running up against a constrained supply of homes for sale continued to play out in the first half of June. Modest growth in new listings was not enough to offset the pent-up demand that has built during the first half of 2015. As a result, strong competition between buyers continued to result in strong price growth,” said Jason Mercer, TREB’s Director of Market Analysis.

Source: The Toronto Real Estate Board

Royal LePage Real Estate Services has been named the 2015 Outstanding Corporate Citizen by the Canadian Franchise Association (CFA). The company received the award for demonstrating sustained support for the local communities through its network of over 600 brokerage offices and for philanthropic innovation on a national scale.

The company’s 16,000 Realtor network has raised more than $20 million through the Royal LePage Shelter Foundation, the largest public foundation in Canada committed to ending violence in the home, and providing support to the women and children who fall victim to it.

Phil Soper, president and CEO of Royal LePage, says, “I am extremely proud of the women and men of Royal LePage, for their ongoing financial commitment to our foundation and for the compassion they show through countless hours of volunteer work for the cause. The good works we do wouldn’t be possible without the immense support we receive from business partners and clients.”

The Outstanding Corporate Citizen Award is presented annually to a franchise system that has demonstrated genuine and ongoing concern and support for a community or social service organization. Royal LePage is the only real estate company to ever win the award.

All administrative costs of the Royal LePage Shelter Foundation are underwritten by the company, ensuring 100 per cent of all donations go to the cause.

Source: Remonline.ca

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June 2015 GTA REALTORS® Release Mid-Month Resale Housing Figures

Royal LePage Named Canada’s 2015 Outstanding Corporate Citizen

June 2015 GTA REALTORS® Release Mid-Month Resale Housing Figures

Royal LePage Named Canada’s 2015 Outstanding Corporate Citizen

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June 2015 GTA REALTORS® Release Mid-Month Resale Housing Figures

Royal LePage Named Canada’s 2015 Outstanding Corporate Citizen

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