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Monthly Market Watch

 

Just as predicted, the GTHA Market has started to rebound and has maintained some momentum thru-out the summer. Last April, it was speculated that the housing market was set to regain its strength by mid 2018!

August 2018, saw 6,838 sales up 8.5% over August of 2017. Average price also increased over August 2017 by 4.7% to bring us in with an Average Sales price of $765,270.

With the Bank of Canada’s decision to keep interest rates as is this week, we are sure to see a steady increase in both sales activity in prices over the month of September.