As of August 31, 2016, if no more properties came onto the Toronto housing market, it would only take just over a month to deplete the available supply. That’s according to a new report by Chestnut Park Real Estate. BNN speaks with a broker for the company, Justine Deluce.
Market data for August came in as expected. Both the average sale price and the number of residential properties reported sold increased compared to August 2017. The average sale price for all properties sold came in at $765,270, or almost 5 percent higher than last year’s average sale price of $730,969.