GTA home sales post record August: Toronto Real Estate Board

The Toronto Regional Real Estate Board says home sales in the Greater Toronto Area posted a record for August.

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 data shows sales of detached homes rose 50.6 per cent and semi-detached houses climbed 66.8 per cent.

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