July 2020 Market Report
Monday Aug 17th, 2020Share
Sales activity was extremely strong for the ﬁrst full month of summer. Normally we would see sales dip in July relative to June as more households take vacation, especially with children out of school. This year, however, was diﬀerent with pent-up demand from the COVID-19-related lull in April and May being satisﬁed in the summer, as economic recovery takes ﬁrmer hold, including the Stage 3 re-opening. In addition, fewer people are travelling, which has likely translated into more transactions and listings.
– Lisa Patel, 2020/2021 Toronto Regional Real Estate Board President