Market Update for August

Market Update for August

In July, the average Toronto home sold for $1,003,956, which is a decrease of -4.5% from last year.

With the sixth consecutive rate-hold from the Bank of Canada since October 2025, the market is still very slow.

Still, a slow market is expected as we’re in the middle of the Summer market.

If you are Thinking of Selling…

There is always a market for well show-cased homes at the right price.

Most of my clients this year decided to rent out their properties for another year with the hopes that the prices will improve.

A few decided that selling was better for their plans. 

If you are Thinking of Buying…

I firmly believe it’s a great time to buy.

There are many options and sellers are negotiable on price, closing date and conditions.

Wondering if now is the right time to buy or sell?

Call me at (416) 276-4895 and let’s have a chat!