While summer is not quite officially over for another couple of weeks, we are officially transitioning into what we call in Real Estate as the “hot fall market”. Vacations are over, kids are headed back to school, and the listings that we didn’t see in August, will soon begin to hit the market. Speaking of August, the stats are in and it was definitely an interesting month in Real Estate. See the links below for how Toronto, Etobicoke Neighbourhoods, Mississauga, Oakville and Burlington real estate performed:
GTA Market Stats
~ supply is not keep up with demand
~listings in the GTA were down 43% compared to last year, their lowest level ever recorded for a month in the past decade.
~ demand is increasing prices on average 12.6% for all home types, year over year
~ number of homes sold in August is down 20% year over year
~ average price of a home in the GTA is now $1,070,911 compared to last years price in August 2020 of $951,219
Below are the real estate prices you can expect to pay in Toronto, Etobicoke Neighbourhoods, Mississauga, Oakville and Burlington:
Toronto High Park, Swansea, Roncesvalles, Parkdale Real Estate Prices
Lambton, Baby Point, Runnymede, Wallace Emerson Real Estate Prices
Mimico, New Toronto, Alderwood and Long Branch Real Estate Prices
Sunnylea, The Queensway Humber Bay Real Estate Prices
The Kingsway, Markland Woods, Etobicoke South of Eglinton Real Estate Prices
Mississauga Real Estate Prices
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