August 3, 2012- TREB’s Market Watch Report, released today, shows that the average price of homes sold in Toronto has increased 4% from July 2011 to July 2012. In the 416 area, detached homes are up in price 8%, but condos prices are down 1%. (Good time to sell your house and buy that condo.) Also, there is better inventory, (16% more homes on the market than last July), however I think that is in large part due to overpriced listings which just sit. Read the full Toronto Real Estate Board Report here.