Georgetown Home Sales Records (2020)

Georgetown Real Estate Sells Records in August 2020

If you are thinking of selling are you downsizing.. Are you looking to move away from the city This is a great time.. Toronto homes have climbed by record amounts

Growing up in Toronto, and moving to the suburbs, I too cashed out at one time.  You’re turn, with your equity, you can purchase twice the home at half the cost.  Can you say retire!!!

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TORONTO – The Toronto Regional Real Estate Board says home sales in the Greater Toronto Area posted a record for August as they rose 40.3 per cent compared with a year ago and prices shot higher.

Home sales have been surging this summer after they came to a near halt in the spring due to the COVID-19 pandemic.

The real estate board reported 10,775 home sales through its MLS system for August, up from 7,682 in the same month a year ago.

The increase came as sales of detached homes rose 50.6 per cent and semi-detached houses climbed 66.8 per cent.

Townhouse sales gained 45.8 per cent and condo apartment sales added 10.9 per cent.

The average price of a home sold in the region was $951,404, up from $792,134 a year ago.


Checkout CP24 for the story

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