Another Record Month for GTA Sales & Price Growth
Greater Toronto Area REALTORS® reported a record 9,813 sales in August 2016, up 23.5 per cent from the previous year. Unfortunately, we did not see any relief on the listings front, with the number of new listings down compared to last year. Strong demand for home ownership coupled with favourable economic conditions and low borrowing costs continues to underpin strong price growth, irrespective of home type or area.
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Here’s a quick look at the numbers. Feel free to share this infographic.
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Data Source: Toronto Real Estate Board (TREB) Market Watch