GTA Home Price Up 10.3% In August 2015

Average home price in Greater Toronto Area (GTA) increased 10.3% in August from a year ago to $$602,607, with sales totaling 7,568, up 5.7% compared to August 2014.  Overall, another strong month for the GTA housing market.

GTA Average Home Price 2012-2015

GTA Average Home Price August 2015GTA Monthly Home Sales 2012-2015

GTA Average Home Sales August 2015

Compared to August 2014, condominium apartments had the highest increase in sales, up 13.8%. Sales of detached homes went up 3.7%, while sales of semi-detached homes and townhouses increased by a smaller amount of 1.7% and 0.5%, respectively.

GTA Home Sales Year-Over-Year Growth  

Average prices for detached homes and townhouses had double digit year-over-year increase, up 12.4% and 11.7%, respectively.  Prices for semi-detached homes and condominium apartments were also very strong, increased 7.8% and 7.6% respectively.

GTA Home Price Year-Over-Year change

New listings grew 8.3% in August, with the largest increase in the condo market segment.  However, active listings at the end of August were still down compared to last year. As a result, tight seller’s market conditions remained in place, especially in low-rise homes like singles, semis and townhouses.

GTA Monthly New Listings 2012-2015

MLS Monthly New Listings August 2015

MLS New Listings Year-Over-Year Growth

Sale-to-New Listings Ratio August 2015

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Antonia Yan

Antonia Yan

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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