The Greater Toronto Area (GTA) housing market concluded the summer with higher inventory and lower sales compared to the previous year. In August, the average home sold for $1,074,425, reflecting a slight annual decrease of less than 1%. Active listings remain elevated, with 22,653 homes on the market—a 51% increase above the 10-year monthly average. Sales activity over the summer was sluggish, and August continued this trend, recording 4,975 sales, a 36% decline from the 10-year monthly average.
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