August 2023 Market Stats

GTA Market Update: As the Summer Market Ends, Interest Rates are on Hold Once Again

GTA Market Activity – August 2023
In August, home values in the Greater Toronto Area were essentially flat as compared to last year, with an average sales price of $1,082,496, pointing to the remarkable resilience in Toronto’s housing market. However, average prices have declined since interest rates started to rise again this past June. With the Bank of Canada’s announcement…more