RECORD HOT MONTH FOR GTA REAL ESTATE MARKET

Sep 03, 2020

By Bob Komsic

Share on
Temperatures are not the only thing on the rise this summer.
The Toronto Regional Real Estate Board says home sales shot up a record 40.3% last month compared with a year ago.
Prices went up even more.
After the pandemic brought real estate activity to a near halt in the spring, sales have been soaring this summer.
TRREB says there were a record 10,775 sales — up from 7,682 one year ago. 
Specifically sales of detached homes in Toronto were up 63.5% while semi-detached home sales were 80% above August 2019.
Detached homes in the city sold for about $1.5-million on average — a 21.4% increase from last August.
In the 905, the average selling price of a detached house was around $1.1-million — 18.5% higher than last summer.
For a second straight month, the TRREB attributes the hot activity to COVID-related travel restrictions, low interest rates and improved economic conditions.
Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: