15 August 2014
Ken Ramsay

Toronto Real Estate Board July 2014 Market Watch Report

Strong year-over-year growth in real estate sales and average selling price was reported for July 1st to 31st 2014, making it the second-best July sales in record. The average selling price was $550,700 – up by 7.5% compared to July 2013, driven by the strong demand for home ownership over the growth of available listings coming out on the market. Jason Mercer, TREB’s Senior Manager of Market Analysis is expecting a continued growth in sale prices until growth in listings outpaces growth in sales for a sustained period of time.

*All figures obtained fromTREBMarket Watch July 2014, reported August 7th, 2014. To view the full report, click HERE.