The Goldman Team

Strong Summer Sales and Prices Continue in August

08 September 2016
Cathy Goldman

The Toronto real estate market showed no signs of slowing down in August 2016. According to the Toronto Real Estate Board (TREB), real estate agents reported a record 9,813 sales in the GTA in August, a 23.5 per cent increase when compared to the number of transactions recorded in August 2015. Year-over-year, new listings decreased by 1.2 per cent while underlying strong demand for real estate ownership remained in place. The overall result is an increase in home prices across all property types in the ‘416’ and ‘905’ regions.