The Toronto Real Estate market posted stronger average Home sales in the month of August, up 2.8 per cent year-over-year to 7,600 sales.
The Toronto Real Estate Board reported the last full month of summer was a strong Home market with demand for all types of Toronto Homes that are still affordable to many.
The average selling price for all types of Toronto Homes is $546,303, an increase of 8.9 per cent from August 2013.
Toronto Detached Homes increased by 14.7 per cent to an average price of $902,428 in the City of Toronto.
Toronto Condos gained 4.1 per cent climbing to an average price of $370,899.
The Toronto Real Estate Board is expecting average Toronto Home selling price to increase for the remainder of 2014
Toronto Detached Homes and Toronto Townhouses once again showed the strongest rate of average price growth in August.
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