The Toronto Regional Real Estate Board reported 10,775 sales in August 2020, up by 10.5% from the previous month and up by 40.3% year-over-year.

Toronto Real Estate also saw an increase in the number of new listings with 18,491 homes listed in August 2020, up by 56.8% compared to August 2019. The average selling price was $951,404, up by 20.1% year-over-year and up by 2.6% compared to July 2020.

View ReaLawState’s full Monthly Market Snapshot below.