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Toronto, Ontario - GTA Home Prices Continue To Grow - August 2011 Market Update

By Kathy Clulow

Real Estate Sales Representative

September 08, 2011 05:13 AM

Greater Toronto Area Real Estate Market Update August 2011

The Average Selling Price for homes in the GTA ..... up by more than 10% percent from August 2010

Over all sales numbers.....up 24% from August of 2010 with 7,542 reported transactions through the Toronto MLS system in August 2011

The full Toronto Real Estate Board Market Watch for Aug can be viewed here

"Home sales in the GTA have stood up well despite a less certain economic outlook."
TREB president Richard Silver

Market conditions across the GTA have remained tight as sales growth outpaced growth in new listings resulting in the average selling price of $451,663 a rise of more than 10% over august 2010.

Graph and Chart - source Toronto Real Estate Board Market Watch

The Real Estate Market Is Local
and sometimes hyper-Local

These figures represent a broad range of properties Across the GTA.. The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call or Text me

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Juli Vosmik

Dominion Fine Properties - Scottsdale, AZ

Scottsdale/Cave Creek, AZ real estate 480-710-0739

Kathy, those are some amazingly GREAT statistics about your Greater Toronto Real Estate Market.

Sep 08, 2011 05:29 AM

Kathy Clulow

Uxbridge, ON

Trusted For Experience - Respected For Results

Juli - It covers a pretty wide area so it may not be look the same in a particular area someone may be interested in

Sep 08, 2011 09:17 AM

Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.

eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC

Talk To or Text Peter 250-213-9490

HI Kathy,

Those are some huge increase in the number of sales and sales prices fro Greater Toronto, wow, rock solid amazing volume increase which really goes to the strenght in the market and the overal confidence that things are on the right track in huge market place like Greater Toronto

Sep 08, 2011 09:49 AM

Peter and Linda - GTA average prices are definetly back on track after the dip in 08.

Sep 08, 2011 10:01 AM

Kwee Huset

Kwee Huset Realty - Venice, FL

Venice Florida Homes For Sale

Kathy, 10% increased in average listing selling price for homes in your Market Update just like a visitor from Toronto I met on Friday 9/2/2011 had told me. Thanks for sharing.

Sep 08, 2011 04:20 PM

Kwee - enjoy the stats behind the figures in my post tomorrow

Sep 08, 2011 04:50 PM

FN LN

Toronto, ON

Hi Kathy - One of the reasons that the number of transactions in August 2011 was much higher than August 2010 was due to the large number of people closing their properties on or before June 30, 2010 due to the implementation of HST in Ontario on July 1, 2010.

Sep 08, 2011 05:30 PM

Marc - if you look at the chart comparing last year to this I would tend to disagree the spread in June between the two years is much greater than in July and August ..... there were other factors in play last year that had the year start off with a booming market ..... which actually started to slow down in May compared to 2009 and then lagged behind 2009 for the rest of the year. When you look at 2011 compared to 2009 we are lagging behind for the last few months.

Sep 08, 2011 05:58 PM

Toronto, Ontario - GTA Home Prices Continue To Grow - August 2011 Market Update

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