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.
Why summer is the right time to replace your windows and doors before winter arrives
Homeowners in Ontario are encouraged to replace old windows and doors during summer to improve indoor comfort, energy efficiency, and curb appeal. Upgrading can reduce heat loss, lower energy bills, decrease noise, and enhance security....