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One Minute Market Update: July - August 2024

*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 are down. 

  • Days on market are up. 

  • August is usually the slowest month of the year so expect this trend to continue. 

  • The next Bank Of Canada Rate announcement is September 4th. 

  • Looking at numbers after the first week of July, Toronto Freehold homes are in a Balance Market at 3.6 Months Of Inventory and Toronto Condos are up in a Buyers Market at 6.4 Months Of Inventory.

Data below.