July was a very busy month for us as we continued to see the condo market improve and our house listing sell in record time. This caught us a bit by surprise because July can normally be a little hit and miss with the summer holidays. The Toronto Real Estate Market saw a small increase in the price of detached homes and 0% price increase in semi-detached homes over July 2013. There was a steady increase in town home sales and a massive price increase over June leading the way for the hottest housing market. We also saw a huge price increase of 13.4% for condo apartments which is optimistic considering that prices have been slowly declining since the beginning of the year. August is proving to be an early start to the busy Fall Market and I am looking forward to seeing what that market is going to bring us.
written by April Williams