The Toronto area real estate market continued to cool in August but nonetheless prices were up three percent over last year. Figures from the Toronto Real Estate Board are very generalized and will not reflect conditions in every neighborhood. But the homes sold overall in August decreased by 34.8 per cent compared to August 2016. The number of new home listings also fell by 6.8 per cent in August compared to last year, which TREB said is the lowest level for August since 2010. Meanwhile, the average price for a home in Toronto is $732,292, a three per cent increase from August 2016.
