Aug 2018 in GTA’s Real Estate Market:
August has been another good month in GTA’s Real Estate. Avg Price of a home in GTA has gone by +5% or +$36K over Aug 2017 (LY). Avg Price of a Home in GTA is $773K.
All types of homes have seen Avg Price growth in GTA this month. Detached Homes Avg Price has been higher than LY, second month in a row. With the maximum increase in Avg Price over LY coming from Condo Apts, followed by Condo THs in the GTA.
It will be interesting to see how strong the growth in Avg Price will be in the next few months when compared to LY. (Last year in the latter half, Avg Price had started increasing, after the sudden forced decline caused by Mortgage rate increases as well as 15% Foreign Tax implementation in Apr 2017).
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