MARKET REPORT

The Toronto Real Estate Board announced record sales for the month of July. There were 9,880 reported sales through TREB's MLS System in JULY 2015, representing an  8 % increase compared to July 2014.                                                                                                                                                                             With the level of inventory in the GTA trending below two months, many listings continued to generate a lot of interest from buyers. Not surprisingly, this supported further price increases well-above the rate of inflation. Assuming similar interest rate and economic environments over the next four months, strong price growth will remain the norm for the rest of 2015.

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