Teranet Monthly Market Insights Report for June 2020: A Closer Look at the Impact of COVID-19 on the Ontario Real Estate Market

June 29th, 2020

As the regions in Ontario gradually open up and we adjust to a new normal, we take a look at the current state of the Ontario real estate market.

This June 2020 Monthly Market Insights Report, from Teranet, shares data and industry trends to provide you a clearer picture of the mortgage and sales registrations in the province.

As of May 2020, there were 38,800 residential mortgage transactions, which was a decrease from the 42,300 transactions in 2019 and 45,600 transactions in 2018. This makes May the first month in 2020 to experience a decline in mortgage registrations compared to the same time in the previous year, indicating that COVID-19 is beginning to impact the mortgage registration activity.

The report also features in-depth analysis and further details on the following:

  • The mortgage registration volume and dollar amount.
  • The breakdown of mortgage registrations by the municipality.
  • The breakdown of mortgage registrations by property type.
  • The sales registrations for residential properties.

Access the June 2020 Teranet Monthly Market Insights Report for free. Download it here: https://a2216.actonsoftware.com/acton/attachment/2216/f-7dd6a7ae-c9b6-43a3-89aa-f2cee2ad00c7/1/-/-/-/-/Teranet%20Monthly%20Market%20Insights%20Newsletter%20June%202020%20R2.pdf

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