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According to the August TRREB Market Report,


While the Toronto Region housing market rebounds in a big way, GTA REALTORS® reported 10,755 residential sales in August 2020 – a 40.3 per cent rise on a year-over-year basis for all home types. The drivers of this ascent were detached, semi-detached and townhomes. Condo/apartment sales have also risen but not in the same fashion. 


President Lisa Patel said in a statement, “…fewer households have chosen to go on vacation as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up demand from the spring.”


"Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth," said Jason Mercer, TRREB's Chief Market Analyst. 


With the MLS® Home Price Index Composite Benchmark up by 11.1 per cent and over the same period, the overall selling price rose 20.1 per cent to $951,404.


Would you like to keep track of the home sales activity in your area?  Gain insight and market intelligence with our Local Market Updates sent directly to your inbox each month. Contact us to set up.  See sample here. 


August 2020 vs. August 2019



August 2020 vs. July 2020



Click here to see Toronto Real Estate Board's Full Report





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Office Location


Century 21 Leading Edge Realty Inc., Brokerage 165 Main Street North Markham, Ontario L3P 1Y2

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Office:     (905) 471-2121
TF:           (800) 362-0893
Fax:         (905) 471-0832

Online Resources


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Free Home Buyers Guide
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