July 2020 Market Commentary

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Record breaking month

Hope you had a lovely and safe weekend. Historically summer is a slower time in the housing market but closures this Spring have pushed activity back and we're seeing a surge in sales and prices across the GTA and GHA. Low-rise housing as well as condominium sales are driving up prices in Toronto, while we are seeing fierce competition in entry level homes in Hamilton. Increased consumer confidence, the decline in Covid-19 cases, low housing inventory and low interest rates have created higher activity in both sales and new listings. 

Read the full July 2020 stats from Toronto Real Estate Board TREB and Real Estate Association of Hamilton -Burlington RAHB.