GTA Housing Market Report – Aug 2014

TREB announced it’s report for August 2014 showing an impressive surge of 7.6 per cent compared to the same period in August 2013. There were
3,504 sales reported through the TorontoMLS system during the first 14 days of August. Tight market conditions, especially for detached and semi-detached houses, drove strong price growth in
the first half of August. The overall average selling price was up by 9.4 per cent year-over-year to $538,530. The strongest price growth was experienced in the detached market segment, with the
average detached price up by 12.3 per cent year-over-year.

Here is the list of sales per City:

City of Toronto : 1,285
Rest of GTA: 2,219

If you are looking to Find a home or sell a home in the GTA, contact us.