*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.
