
August, which is typically a slow month for the real estate world, is keeping in line with the previous summer months!! The Toronto Real Estate Board is reporting 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 – up by six per cent compared to the same month last year. Another trend that’s repeated itself is the low inventory. Down 11% to 10,632 units available for sale, it’s been a tough month for many buyers. If you’d like a copy of the Report, send me an email…i’d love to help!
September is the start of the Fall market and i anticipate to be blogging similar trends at the end of it! Check back tomorrow for a super exclusive VIP condo event…here’s a hint: if you like the Toronto International Film Festival, and in the market for a condo, you’re gonna love the announcement!
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