August Real Estate Review
What a great weekend to enjoy a dock dive, CNE rollercoaster ride, or mural sighting stroll through Yorkville.
Toronto July sales statistics below show that detached home sales activity increased 9.1% compared to July 2022 and the average price rose 8.1%. Comparatively, condo sales increased 5.9% with a slight average price increase of 1.2%.
“Home sales continued to be above last year’s levels in July, which suggests that many households have adjusted to higher borrowing costs. With that being said, it does appear that the sales momentum that we experienced earlier in the spring has stalled somewhat since the Bank of Canada restarted its rate tightening cycle in June. Compounding the impact of higher rates has been the persistent lack of listings for people to purchase compared to previous years,” said Toronto Regional Real Estate Board (TRREB) President Paul Baron.
Helping clients change their lives is one of the best parts of being a realtor. Being invited to see a renovation is literally the icing on the cake. Design firm Griffin Houghton took a narrow galley kitchen and transformed it into an airy, inviting, glamorous place to cook and lounge in that we think you'll love.
For advice on how to improve the value of your home, whether you want a reno refresh or to sell, we can help pair you with great architects and designers.
This month's newsletter includes:
Toronto Real Estate July Statistics
Selection of Sotheby's Current Listings
Designer Gallery: Kitchen Renovation
Real Escapism: Ceilings to Look Up To
Red Cross Wildfire Relief Fund Information
Yorkville Mural Festival
Congratulations to Cynthia Lam for recognizing Yorkville's Toronto Reference Library in July's Newsletter and winning 2 Cineplex VIP tickets!
Linda, Lisa Marie, Lori and Cherry