This month’s market snapshot is out covering numbers across the city.
August Toronto Real Estate Market figures are out. Click on your neighbourhood of interest for a detailed summary: Toronto | Downtown | East Toronto | West Toronto | Midtown | The Beach(es)
As always, I’m happy to answer any specific questions you may have about your neighbourhood. Call me anytime at 416-690-2181
The overall Toronto market saw on increase of 7.4 percent in average sales price year over year. The average price of a home in Toronto for the month of August was $605,817.
The downtown Toronto Condo market saw a price increase of 8.7 percent year-over-year.
East Toronto prices were up a whopping 13.8 percent, inventory (new listings) decreased compared with last year.. It is still a seller’s market as inventory challenges continue.
Midtown average prices were up 14 percent year-over-year, the area is quickly becoming one of the hottest spots in the city.
West Toronto saw an increase in average prices of 12 percent. The number of sales and were up year-over-year.
The average sales price in the Beaches increased by a astounding 44.4 percent year-over-year. Whoa!
