Toronto detached homes regained momentum in Late-Q2, as listing views, showings and offers picked up after a slower-than-usual market start this year.
Detached homes priced from $850K to $1.2M drew the strongest competition in Toronto, with some properties still attracting multiple offers from buyers.
The market stayed healthy from $1.8M to $2.2M, while homes priced $2.8M to $3.3M moved more slowly amid higher inventory levels in Toronto.
More first-time buyers entered Toronto's detached market recently, yet buyers stayed price-conscious and were prepared to leave negotiations when sellers held firm.
Toronto's detached inventory has been shrinking as buyers absorb more listings, a trend that could place upward pressure on prices if it continues.