The Toronto Regional Real Estate Board reported strong sales activity in July. There were 11,081 sales in July 2020, up by 49.5% compared to June 2020 and up by 29.5% compared to July 2019. The average selling price was $943,710, up by 5.5% compared to June 2020 and 16.9% compared to July 2019.

Toronto Real Estate also saw an increase in the number of new listings in July 2020 with 17,956 homes listed, up by 24.7% compared to July 2019.

 

View ReaLawState’s full Monthly Market Snapshot below.