August 2021

TRREB Market Watch Aug 2021

As per TRREB Market Watch Report, in August 2021, number of home sales were down compared to July 2021, which is quite expected due to seasonality.  However, when we look at the year over-year change in number of sales, August 2021 set a record as the “third-best sales result on record for the month of August”.   The demand stayed strong, however there is a significant decrease in the new listings, which resulted in double digit increases in prices.  Sales to new listings ratio in many segments of the market confirm a strong seller’s market.

Please contact me with any questions on how to interpret this data or if I can provide further insight for your specific situation.  As a REALTOR, I have access to a lot more information that I can present here.   I will do a deep-dive and extract the information you are looking for to make decisions.

Check out my summary chart for Toronto, Mississauga, and Oakville HERE.

Here is a link to the full TRREB report.