Toronto Real Estate Market Report July 2017

With the number of sales having slowed down by 40 per cent over last year you might expect the average sales price to have dropped substantially but it is 5 per cent higher than last year's ASP. However, that is still a drop from the April 2016 average which was the highest in TREB history. At its present amount, it is still higher than the past 4 years.

With the added number of listings, it is important for sellers to sharpen their pencils and do what is necessary to sell. If you wait for the market to change to get more for you home, then your purchase will also be affected by an increase. Sellers who are buying up are better served in a slower market as the difference between what they have and what they want is a lesser cost, and Buyers have never had a better market to buy in...and now you and your agent can negotiate.

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