July 2017 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
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 10 percent in average sales price year over year. Yet, the number of homes sold was down by 1200 from July 2016 to July 2017.
The downtown Toronto Condo market continued it’s record setting pace, which an increase in price of over 25 percent year-over-year. The number of units sold however decreased, which is the trend across all home types.
East Toronto prices were up 10 percent, the number of days on the market went from 14 to 18 year-over-year.
Midtown average prices increased 9.71 percent year-over-year.
West Toronto saw a price increase of 8.57 percent year-over-year, while sales volumes and new listings decreased.
The average sales price in the Beaches was up by almost 20 percent year-over-year.
Durham home prices have cooled from their unprecedented rise, with an increase of 4 percent year-over-year.