July home sales in Toronto down compared to last year, but still above average
says housing demand in July dropped compared to the previous year, but still remains above average for the season in 2021.
The board says nearly 9,400 home sales were reported in July, down 14.9 per cent compared to July 2020, which set a record for housing sales in the summer month. On a seasonally adjusted basis, the board says July’s sales were down by two per cent compared to June.The board also says the Toronto housing market tightened in July, with the month’s sales accounting for a greater share of listings compared to July 2020.
It says the average price for all home types combined was just over $1 million, up 12.6 per cent compared to a year ago.On a seasonally adjusted basis, the board says the average price of all home types was up 0.9 per cent compared to June.
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