*This is an update for Toronto as a whole and things can look very different between different areas and home types. If you would like to dig deeper into the numbers that matter more to you, please book a call with me here.
Key Takeaways:
Prices are down.
Sales are down.
New Listings were down.
Days on market are up.
September should see an increase in activity for both buyers and sellers.
New listings are already way up week over week since labour day weekend.
The Bank Of Canada cut their overnight rate again and it looks like they are likely to cut at each announcement for the remainder of the year (October 23rd and December 11th are the next two rate announcements)
Looking at numbers after the first week of September, Toronto Freehold homes are in a Balance Market at 4.1 Months Of Inventory and Toronto Condos are up in a Buyers Market at 6.3 Months Of Inventory.
Data below.
