Market Update: August 2019

Market Update: August 2019

All statistics via Toronto MLS Market Watch.

As per the most recent Market Watch Report from the Toronto Real Estate Board:

Toronto Real Estate Board President Michael
Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential
sales through TREB’s MLS® System in August 2019. This result represented a 13.4
per cent increase compared to 6,797 sales reported in August 2018. On a monthover-month basis, after preliminary seasonal adjustment, sales were up by 0.8 per
cent. GTA-wide sales were up on a year-over-year basis for all major market segments,
with annual rates of sales growth strongest for low-rise home types including
detached houses. This reflects the fact that demand for more expensive home types
was very low in 2018 and has rebounded to a certain degree in 2019, albeit not back
to the record levels experienced in 2016 and the first quarter of 2017.

Read the full report here.

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