July 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 over 11 percent in average sales price year over year. The average price of a home in Toronto for the month of July was $690,103.
The downtown Toronto Condo market saw a price ever-so-slight decrease of just under 1 percent year-over-year, which average prices sitting at $549.317 for the month of July.
East Toronto prices were up 13.74 percent, the number of homes sold and new listings increased year-over-year.
Midtown average prices increased 3.86 percent year-over-year.
West Toronto saw a price increase of 12.6 percent year-over-year, while sales volumes increased and new listings went up.
The average sales price in the Beaches was up by 7.62 percent year-over-year.
Durham home prices were up a whopping 22.6 percent year-over-year. Durham is one of the hottest markets in the GTA.