Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.
“Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up demand from the spring,” said Ms. Patel.
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Toronto Stats this Past week
MLS activity from September 2 to 8 for residential properties:
| For Sale right now:
| Newly Listed:
| Under Power of Sale (GTA):
Compare the above to the week before from August 26 to September 1, when there were 7,497 for sale, 1,632 newly listed, 514 Sold & 18 under power of sale.
Just listed in Toronto within the last 24hrs
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