Toronto Real Estate Market Update: Summer Toronto home market remains steady through August

Cristina van Blommestein, Royal LePage Estate Realty. (416)606-4663

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 Cristina's Toronto Real Estate (Serving The Beaches, Riverdale, Kingston Road Village, East York, Cliffside Village, Toronto Central, Rosedale), Homes for sale and MLS listings

Summer market remains steady through August

Resale home transactions remained robust in the first half of August, as mid-month figures showed a three per cent increase over the same timeframe last year, Toronto Real Estate Board President Dorothy Mason announced today.

The 3,290 sales to mid-month surpassed the 3,196 sales recorded to mid-August 2005, while prices increased four per cent over the same timeframe to $333,396 at mid-month.

“The market is showing stability through the latter half of the summer,” Mrs. Mason said. “At a time when we traditionally see a moderation of activity, sales to mid-August are up marginally over July's mid-month figure of 3,285.”