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Market Watch Report - August 2020

Wednesday Sep 9th, 2020

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Toronto Regional Real Estate Board (TRREB) has released its numbers for August 2020. The average selling price in August 2020 increased by 20%, from $792,134 in August 2019 to $951,404 in August 2020. “Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation as a result of COVID-19 and instead... [read more]

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