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‘the numbers’ [august 2022]
by sutton old mill

➕august 2022➕

 

➕ the numbers’ for August are in.  Toronto market conditions in August continued as a ‘balanced market’,.  August 2022 sales volume was down -37%, along with a -10% decline in new listings, and Buyers continue to benefit from more choice and a less frenzied buying experience.  

That said, the initial signs of tightening can be seen with sales making up a higher share of new listings. Moreover, August marked the first month since the spring peak that the average price of a Toronto home [$1,031,979] was up both month-over-month [+1% vs. July 2022] and year-over-year [+3% vs. August 2021].  

For Sellers, the average selling prices in the ‘416’ were:  detached houses [-2%], semi-detached houses [-7%], townhouses [+1%] and condos [+2%] vs. August 2021.

Looking to buy or sell a home in Toronto? Average prices in August were as follows:

Detached $1,648,298
Semi-detached $1,127,429
Townhouse $913,410
Condo $736,940

Data presented is for Toronto Only.   Source: TRREB.

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