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!

Related Posts: