As every month, people around the Toronto real estate market were waiting for the regular report and its results. The statistics are all looking very good, showing that after the economic crisis followed by turbulent development until July 2009, things got back to normal in August. This means that the market hasn't been moving as fast as in June or July, but has stabilized and is working well.
All the crucial numbers (number of properties sold, average price, days on the market and year-to-date sales) are well above last year's values, indicating that we can be quite optimistic about the overall situation. It's been even confirmed that the improved housing market has contributed to supporting other sectors of our economy. A more detailed analysis is available in the GTA real estate article.
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