The numbers are out and our July 2018 Market Update is here! Continue reading below to find out how the market looks now as compared to a year ago in Toronto, Mississauga, and Brampton!

Toronto By The Numbers

There were 6961 sales in July 2018, up 18.6% compared to July 2017. Over the same period, the average selling price was up by 4.8 per cent to $782,129, including a moderate increase for detached home types. Active listings in July 2018 were up by 5.2 per cent year-over-year. Average days on market also increased  by 19 per cent - 25 days compared to 21 days in July 2017.

Mississauga By The Numbers

There were 729 sales in July 2018, up 8.8% compared to July 2017. Over the same period, the average selling price was up by 5.5 per cent to $706,570. Active listings in July 2018 were down by 9.1 per cent year-over-year. Average days on market also increased to 24 days as compared to 21 days in July 2017.

Brampton By The Numbers

There were 668 sales in July 2018, up 15.6% compared to July 2017. Over the same period, the average selling price was up by 11.7 per cent to $716,077. Active listings in July 2018 were down by 15.8 per cent year-over-year. Average days on market increased by 10 per cent - 22 days as compared to 20 days in July 2017.


"We have certainly experienced an increase in demand for ownership housing so far this summer. It appears that some people who initially moved to the sidelines due to the psychological impact of the Fair Housing Plan and changes to mortgage lending guidelines have re-entered the market. Home buyers in the GTA recognize that ownership housing is a quality long-term investment," said Jason Mercer, TREB's Director of Market Analysis.

As we see strong growth in the number of home sales and the average selling price in the Greater Toronto Area, and competition is still high for the cream of the crop, there are still some amazing listings out there for buyers to choose from.