Toronto Real Estate Statistics – August 2015
A much busier August this year!
As reported by the Toronto Real Estate Board, there were 7998 residential transactions through the TREB MLS system last month. This was a 5.7% increase compared to the 7568 sales reported in August 3014. Sales were up for all major home types.
The top realtors in Leslieville, East York, Riverdale, Pickering, Ajax and Whitby witnessed a strong seller’s market continuing throughout the summer.
TREB President Mark McLean says: “Buyers in the GTA remain confident in their ability to purchase and pay for a home over the long term. They see ownership housing as a quality investment that has historically produced positive returns while at the same time providing owners with a place to live in their chosen community,”
Some of the best real estate agents in Toronto continued to see multiple offers, bidding wars and huge numbers of showings for their new listings in Riverdale, East York, Bloor/Yorkville, Leslieville, Scarborough, Pickering, Ajax, Whitby and throughout Durham Region. Some houses took a few days to sell in multiple bully bids.
“A record year for home sales continued to unfold in August as competition between buyers exerted upward pressure on selling prices. It was encouraging to see annual growth in new listings outstrip annual growth in sales, but we will need to see this for a number of months before market conditions become more balanced,” said Jason Mercer, TREB’s Director of Market Analysis.
For complete real estate data and real estate statistics for the Toronto Real Estate market in all neighbourhoods and areas, contact The Weir Team directly. We’re happy to provide you will current selling prices, historical selling prices and our top selling strategies for listings in your neighbourhood and your own street.