Toronto Real Estate surged in July with resales increasing but prices easing somewhat. Toronto home resales have broken records for the fourth month in a row showing that this market is still defying expectations and confonding experts who expected a slowdown. Some condo sales sites are experiencing lineups not seen since the 1980's. Prices for the average home in Toronto eased in July to $366,012 down 2 per cent. However year to date prices are up 5 per cent over the same time last year. Job growth, affordable interest rates and a great economy are all helping to drive this market. ... Record Toronto Real Estate Resales.. The locale resale market is as healthy as its ever been according to Treb president Donald Bentley The Toronto Real Estate Board reported 8,912 sales in July making it the best ever for that month and 26 per cent ahead of sales at the same time in 2006.
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