A greater share of expensive homes sold in Aug in Toronto

Toronto

2022/09/21

Monthly growth in the avg price alongside a dip in the index suggests a greater share of more expensive homes sold in Aug. The seasonally adjusted avg selling price was $1.13M, ↑ 2% MoM, but ↓ 12% yearly. Aug sales ↓ 34% yearly, but ↑ 15% MoM. The ↓ 34% yearly was a lower rate of decline than the previous four months.