Your Weekly Toronto Real Estate Snapshot, Powered By Zoocasa (Aug. 22 – 28)

toronto home

It’s been a softer week over both the short- and the long-term trend.

All home types have posted double year-over-year and month-over-month declines, with the exception of semi-detached houses.

The summer doldrums appear to be in full swing for Toronto homes for sale, as detached home sales activity slowed from last week’s 20-per-cent uptick, falling 10 per cent from the same time period last year.

Townhouses and condos followed suit at -19 and -14 per cents, respectively, while semi-detached soared 50 per cent from 2017 levels, with 27 sold.

Buyers and sellers are likely looking to the brisker back-to-school market before re-entering the market, as activity is anticipated to pick back up post-Labour Day long weekend.

More from Penelope Graham

Why new rules for mortgage funding will hike your fixed rate

In late 2016, the federal government drastically shook up many home buyers’...
Read More