Posted 8.21.13 @ 0:0
by: Staff
Toronto’s housing market has seen some ups and downs over the last year, but July has seen an 8% increase in selling prices bringing it up to $514,250 on average. Fewer homebuyers are coming out to buy, which may be due to awkward market conditions and some of the mortgage rule changes Canada saw last year. Sales in the Toronto area alone were up 16% compared with July 2012, clocking in at about 8500 new homes sold.