Mid-August Resale Figures Released
The Toronto Real Estate Board reported 2,706 sales for the first 14 days of August 2017. This result was down by 35.6% compared to the first 14 days of August 2016.
Over the same period of time, the number of new listings was down by 10% on a year-over-year basis. New listings were down in the City of Toronto and the surrounding regions making up the GTA.
The average selling price during the first two weeks of August, at $731,614, was up 3% compared to the same period in 2016. Overall average price growth was driven by the condominium apartment and semi-detached market segments, which experienced double-digit average annual rates of price growth.
If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at email@example.com
“Toronto’s Condo Authority”