- Sales of homes through the TorontoMLS system in August 2012 were down 12.5% compared to August 2011, while new listings were down 5.5%.
- The average selling price in August 2012 was up 6.5% compared to August 2011, driven by a 15% increase in prices of single detached homes in Toronto.
- While sales were down year-over-year, listings also declined, keeping market conditions tight with competition between buyers, especially in the low-rise segment.