August 2023 Market Update

Friday Sep 29th, 2023

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Market Watch August 2023 from the Toronto Real Estate Board

Toronto Area including Peel and Halton TORONTO, ONTARIO, September 6, 2023 – Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. On a seasonally adjusted monthly basis, sales and average price edged lower. “Looking forward, we know there will be... [read more]

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