5 September 2013

Surprisingly hot August on Toronto’s real estate market

According to the recent report by Toronto Real Estate Board (TREB), this August turned out to be unexpectedly hot for the GTA housing market. The sales here were up by 21% compared to the previous year.

Despite many forecasts of a possible market crash, home prices were also up: the average GTA sale price last month was $503,094. It’s almost 5.5% higher than a year ago…

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