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.”