August 2017 GTA REALTORS® Release Mid-Month Resale Housing Figures

Greater Toronto Area REALTORS® reported 2,706 sales through TREB’s MLS® System during the first 14 days of August 2017. This result was down by 35.6 per cent compared to the first 14 days of August 2016.

Over the same period of time, the number of new listings entered into TREB’s MLS® System was down by 10 per cent on a year over year basis. New listings were down in the City of Toronto and the surrounding regions making up the GTA.

The average selling price during the first two weeks of August, at $731,614, was up three per cent compared to the same period in 2016. Overall average price growth was driven by the condominium apartment and semi-­‐detached market segments, which experienced double-­‐digit average annual rates of price growth.

Source: The Toronto Real Estate Board

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