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Sales Strong this August Compared to Last Year
August sales were up by 21% for all major home types compared to last year.
“Despite an increase in borrowing costs during the spring and summer, an average priced home in the GTA has remained affordable for a household earning an average income. With this in mind, tight market conditions are expected to promote continued price growth through the remainder of 2013,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
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Source: TREB Market Watch - August 2013