We are showing some strong growth in the number of home sales and average selling price. There appears to be a gradual return of buyers into the real estate market. Real estate continues to be a solid long-term investment, resulting in an increase in demand for home ownership over the summer. The annual growth rate appears to be trending toward positive territory in the near future.
Sales for July 2018 in GTA were 6,961, up 18.6% compared to July 2017. Over the same period, the average selling price was up by 4.8% to $782,129.
Looking for information on what is happening in your neighborhood? Wondering what your home is worth right now? Contact us at (905) 953-6926.
