August 2015 Home Prices Toronto

Strong Summer Real Estate Market in Toronto

TorontoSummerAugust 6, 2015- Even though it is the middle of summer, historically a slower time of year for real estate, the market in Toronto has stayed strong. Sale prices of 416 detached homes are up 13.3% from this time last year and 416 condo apartments are selling at prices 4% higher than July 2015. Interest rates and low inventory continues to help drive interest in purchasing property. Great time to sell if you are downsizing. Read the entire Market Watch July 2015 (August) report from the Toronto Real Estate Board and visit Andrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage 416-489-2121