Toronto Real Estate Market Update: August 2021

August 2021 continued to show strong results with prices up 12.6% Year over Year and 2.4% from July (seasonally adjusted). As I said last month, the Year over Year numbers are starting to come more in line as the “COVID Effect” of the Spring and Summer of 2020 takes on less of an impact. This month of September and going forward we should see Year over Year numbers come back as the key, true, indicator as to market changes.

What is interesting is a slow down in the market (less sales) in August of 19.9% from 2020 and 2.7% from July. I personally feel this could be a result of the great, extremely hot, weather we had in August and with restaurants, bars and other service establishments reopening indoors and more people getting on planes and travelling on vacations.

September is going to be more “normal” with kids going back to school, more people going back to work in actual offices and people trying to move forward with their lives.

Joseph Robert

Broker of Record
Cell: (416) 899-6401
Office: (416) 495-3140
Email: joe@glenhomerealestate.com