Toronto Real Estate Statistics – YTD August 2024
YTD sales have been relatively consistent over the past two years.
Key market indicators for August 2024:
- The Greater Toronto Area’s benchmark home price for August 2024 was $1,082,200, down 4.6% year-over-year.
- Our YTD sales numbers show that this year’s sales are similar to the past two years but quite a bit down from the height of 2021.
- The average home sold price in the GTA decreased 0.7% year-over-year to $1,074,425 for August 2024.
- Detached home average price decreased by 0.2% year-over-year to $1.41M.
- Semi-detached home average price decreased by 3.9% year-over-year to $1.03M.
- Freehold townhouse average price decreased by 3.1% year-over-year to $991k.
- Condo apartment average price decreased by 4.4% year-over-year to $675k.
September 9, 2024, Update: Today’s Lowest mortgage rates in Toronto is 4.19% for 5-Year Fixed
Stay tuned for our yearly Toronto income property wrap up at the end of the year where we look at sales in different neighbourhoods and how the market has performed overall.
