Sep. 21, 2009

Calmer times arrived to Toronto real estate market in August

For many of us, August means a time for holidays and relaxation to calm down your nerves after the hectic times before. This is also what has been going on concerning the housing market - the rapid growth from June and July has now ended and things are calming down, moving towards a more healthy and stabilized environment. Compared to August last year, all the indicators are showing much better results now, however lower than during the few months before.

Tom Lebour, the TREB President, points out the demand has increased across all housing types and also price ranges. The market is now very active, which is reflected by the days on market and active listings indicators both dropping. For a more detailed analysis, please follow our Toronto real estate market article.

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