Toronto real estate hits another all-time high in July.

Original article via Now Toronto Click here to read the full article.

Toronto real estate is still behaving like it’s immune to COVID-19, hitting yet another all-time high in July.

The average home price rose to $943,710, according to the Toronto Regional Real Estate Board (TRREB). That is a 16.9 per cent year-over-year increase, and 5.5 per cent higher than the previous record from last month.

The new numbers were released just as Mortgage Professionals Canada (MPC) released a report suggesting most homeowners are not worried about COVID-19’s economic impact.

 

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