LOIC DANIS

  • HOME
  • WHY LOIC?
    • WHY LOIC?
    • ABOUT LOIC
    • MY SOLDS
    • WHAT LOIC'S CLIENTS SAY...
  • SEARCH MLS LISTINGS
    • SEARCH MLS LISTINGS
    • FEATURED LISTINGS
    • TORONTO WEST NEIGHBOURHOODS >
      • THE KINGSWAY
      • SUNNYLEA
      • MIMICO + NEW TORONTO
      • LONG BRANCH + ALDERWOOD
      • BLOOR WEST VILLAGE + BABYPOINT
      • HIGH PARK + SWANSEA
      • RONCESVALLES
      • THE JUNCTION
  • TORONTO REAL ESTATE NEWS BLOG
  • TOOLS
    • MORTGAGE PAYMENT + LAND TRANSFER TAX CALCULATOR
    • CLOSING COSTS
  • CONTACT LOIC
CONTACT LOIC
Sutton Group Old Mill Realty Inc. Brokerage | Independently Owned + Operated. | 4237 Dundas St West |
Etobicoke ON | M8X 1Y3

Picture

MARKET UPDATE | AUGUST 2021

9/3/2021

 
Picture
➕‘the numbers’ for August are in!  Demand for Toronto Real Estate remains strong, yet at the same time, the supply of listings is down -43% vs. August 2020.   The result?  Upward pressure on prices due to tighter market conditions with many buyers still competing in multiple offers.  Further, with new inventory, Toronto realized a decline in total sales [-11%] vs. Aug 2020 in all housing segments with the exception of a strong resurgence in the condo segment where sales increased 13% vs. August 2020.
Selling prices in Toronto for all major home types increased with average selling prices for detached houses [+11%], semi-detached houses [+4%], townhouses [+9%], and condos [+7%] vs. August 2020.   It is clear that the supply of homes is not keeping pace with demand. As we move towards 2022, expect market conditions to further tighten as population growth in the GTA starts to trend back to pre-COVID levels.
Looking to buy or sell a home in Toronto?  Average prices in August were as follows:

➕Detached  $1,674,641
➕Semi-detached  $1,214,624
➕Townhouse $905,520
➕
Condo $720,832
Picture

Comments are closed.

    LOIC DANIS

    Loic Danis is a Toronto Real Estate Broker and Broker of Record/Owner of Sutton Group Old Mill Realty Inc. specializing in residential and investment real estate in Downtown Toronto, Etobicoke + West Toronto neighbourhoods including The Kingsway, Babypoint, Sunnylea, Swansea, Roncesvalles, High Park, Swansea, New Toronto, Mimico, Waterfront Communities, Yorkville, St. Lawrence Market, Bay Street Corridor and more! 

    Categories

    All
    Banbury-Don Mills Real Estate
    Bay Street Corridor
    High Park - Roncesvalles
    Just Listed
    Lawrence Manor Real Estate
    Market Outlook + Year In Review
    Market Update
    Mimico Real Estate
    Mineola
    Mississauga Real Estate
    Mount Dennis Real Estate
    Palmerston - Little Italy
    Sunnylea Real Estate
    Toronto Condos
    Toronto Real Estate
    Waterfront Communities Real Estate

    RSS Feed

CONTACT



LOIC DANIS
Broker of Record

Direct | 416-671-0300
Office  | 416-234-2424

Sutton Group Old Mill Realty Inc.
Independently Owned + Operated

CONTACT LOIC

NEIGHBOURHOOD SEARCH


THE KINGSWAY
SUNNYLEA
MIMICO + NEW TORONTO
LONG BRANCH + ALDERWOOD
BLOOR WEST VILLAGE + BABYPOINT
HIGH PARK & SWANSEA
RONCESVALLES
THE JUNCTION

NEWSLETTER SIGN UP


COPYRIGHT © LOIC DANIS 2017
Site Design by The Real Estate Marketing Shop