The Goldman Team

Best Result on Record for the Month of July

09 August 2016
Cathy Goldman

The Toronto Real Estate Board (TREB) recorded 9,989 home sales on its MLS® System in July 2016, the best result on record for the month of July. The continuing trend of a reduction in listings coupled with an increase in sales and demand was exhibited in July. New listings decreased by 7.4 per cent, year-over-year, while total sales volume increased by 1.8 per cent, year-over-year, throughout the GTA. Furthermore, the average selling price for the aggregate of all home types increased by 16.6 per cent, year-over-year.