LOIC DANIS

Sutton Group - Old Mill Realty Inc. Brokerage

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MARKET UPDATE | AUGUST 2022

9/9/2022

 
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➕‘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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    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! 

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LOIC DANIS
Broker of Record

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

Sutton Group - Old Mill Realty Inc. Brokerage
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