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Market Trend Aug 2018

Under Market Stats

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Written on September 10th, 2018

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Sales and price increases both saw yet another uptick in August as demand for housing continued to increase across the Greater Toronto Area (GTA).

August TREB MLS Average Selling Price (ASP) was recorded at $765,270 for a 4.7% year-over-year increase, along with a 8.5% year-over-year increase in sale activity mainly due to a double digit year-over-year % increase in detached home sales.
It is expected that demand will continue to improve over the next year which may put more upwards pressure on prices as many GTA neighbourhoods continue to suffer from a lack of inventory.

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