Here is our August 2019 Market Report, a quick resale housing analysis with key stats for Toronto & the GTA.
Sales were up 13.4% in August 2019 with 7,711 compared to 6,797 sales reported in August 2018 via GTA REALTORS® and TREB’s MLS® System.
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.
Year-to-date, growth in sales has well outstripped growth in new listings, tightening market conditions. This is why overall active listings counted at the end of August were down by more than 11% compared to August 2018.
The condominium apartment segment continued to lead the way in terms of price growth, followed by higher density low-rise home types and finally detached houses.
Statistics via TREB.
Interested in last month’s market statistics? Read our July 2019 Market Report here.
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