August 2016 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) | Durham (NEW!)

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 an increase of just under 12 percent in average sales price year over year. The average price of a home in Toronto for the month of July was $677,241.

 

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The downtown Toronto Condo market saw a significant price increase of 14 year-over-year, which average prices sitting at $572,363 for the month of August.

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East Toronto prices were up almost 16 percent, the number of homes sold were up compared with the same period last year, yet supply (new listings) down by about 100.

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Midtown average prices increased 3.74 percent year-over-year.

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West Toronto saw a price increase of 7.37 percent year-over-year, while sales volumes increased and new listings went down.

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The average sales price in the Beaches was down by 1.75 percent year-over-year.

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Durham home prices were up a whopping 21.41 percent year-over-year. Durham continues to be one of the hottest markets in the GTA.

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