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.