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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com





5 September 2019

August 2019 – home sales in the GTA are growing

According to the Toronto Real Estate Board (TREB), home sales in the GTA rose by 13.4% last month compared to August 2018.

TREB says there were 7,711 home sales made through the MLS system, while the number reached 6,797 a year ago.

Meanwhile, seasonally adjusted sales showed a 0.8% monthly increase.

The MLS home price index was up by 4.9% in August compared to a year ago, and the average price rose by 3.6% annually to $792,611.

TREB points to tighter market conditions in August with the total active listings at the end of the month falling down by 11% on a year-over-year basis.

Sales and average price by major home types in August 2019

Sales

Average Price

416

905

Total

416

905

Total

Detached

669

2,949

3,618

$1,246,932

$918,242

$978,920

Semi-detached

188

454

642

$956,411

$690,305

$768,230

Townhouse

262

1,030

1,292

$712,934

$620,927

$639,584

Condo appartment

1,410

657

2,067

$619,307

$478,755

$574,632

Year-over-year per cent change

Detached

8.8%

24.5%

21.3%

0.3%

1.3%

0.3%

Semi-detached

-1.6%

18.5%

11.8%

7.3%

3.3%

3.5%

Townhouse

17.0%

12.9%

13.7%

4.1%

1.7%

2.3%

Condo appartment

2.2%

8.2%

4.0%

5.7%

8.5%

6.1%

 

 

 

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