August Real Estate Market Report

Here is your August Real Estate Update from Sue Anfang -

July and August continue to be what I call a "tale of two markets" .... while some Toronto property prices continue to set at record prices, other Toronto homes seem to linger for sale with no apparent reason.  While the market seems to be firmly in the "sellers market" - the aggressive market we saw in the spring seems to be tempered.  Don't get me wrong, there are still multiple offers on properties - but when there might have been 20+ offers in the spring, we may be seeing 10 now.    Perhaps the seasonality is returning to the real estate market or perhaps the easing of Covid restrictions has allowed people to focus on other things.   Or may be a combination of both! 

Single family homes: The number of home sales were down vs. July 2020 & but down slightly since June. House prices declined slightly from June to July 2021 with the average GTA home price now $1,062,256. The average detached house sale price in July remained flat June-July $1,405,478.

Condo Apartments: This competition is becoming more widespread with tighter market conditions in the condominium apartment segment as well. Average Condo sale price for July down slightly from June to $674,490

Rentals: If your renting, the rent freeze has been lifted, and landlords are allowed to increase rents in 2022 by 1.2%



DETAILED MARKET STATISTICS CAN BE FOUND ON MY WEBSITE AT: Market Statistics


Here are some common questions that I get when I'm talking about Real Estate:


Have prices gone down?  


We seem to have experienced a bit of a lull since Ontario has eased Covid restriction, or perhaps signalling a return to seasonality in the market where we have sales peaks in Spring and Fall (these swings were absent during Covid lockdowns).  Prices continue to be high for in-demand properties - with many opportunities for buyers for properties sitting on the market. 


Are bidding wars still a thing? 

 

Yes they are; but bidding wars are more hard to predict!  Sometimes we are seeing homes re-list at a higher price if they don't sell on offer night.  This didn't happen earlier in the year when most homes sold! 

 

Are Open Houses Back?

 

Yes, our local board is allowing them, as long as the hosting agent observes proper social distancing protocols.  

 

Aug 23, 2021

Recent Blog Posts

Oct 29, 2026

Have you ever heard of a DiSC personality test?  Well this blog post is for all the high D's out there (read below for what this means)


My head was crunching numbers this week, especially given the interest rate hike of .25% yesterday & the election this week - with a promise to lift the land transfer tax.  What would all this mean for real estate in Scarborough?  So I thought I'd start out at the beginning and look at what's happening this year.  My objective is to look at the following data:

  1. How much has the median price changed vs. this time last year
  2. Current inflation rate
  3. How much are sales numbers up or down? (West Hill is a surprise)
  4. How many years does it take for house prices to double in south east Scarborough? 

Inflation rate with fuel: 3.1%  Without: 2%

What does this mean? BOC wants to hold inflation to 2%  Everythings expensive, now mortgage rates got more expensive; about $40-$50 per $500,000 per month

Change in Median Home Sale Prices south east Scarborough vs. Toronto 2026

 

Toronto1,230,0001,200,000-30,000-2.44
Centennial Scarborough1,100,0021,077,500-22,502-2.05
West Rouge1,100,0021,020,000-80,002-7.27
West Hill900,000830,000-70,000-7.78


What does this mean: house prices have dropped since 2025 same time frame.  Centennial follows the rest of Toronto, West Hill has the biggest swing.  But surprisingly West Hill has had an increase in sales - I guess the large price drop creates great value for buyers. 

Change in number of home sales south east Scarborough vs. Toronto 2026


Freehold HomesNumber of Sales 2025 2026 YTD 
Toronto9,4719,279
Centennial Scarborough9580
West Rouge8042
West Hill94107


What does this mean:  reflective of what I'm feeling right now - a slowdown in sales.  West Hill sale prices have dropped to be very attractive to buyers especially in that below $830,000 price range.  


How long does it take home prices to double in south east Scarborough?

This is a stat that came up in a meeting the other day - that house prices in Toronto double every 10 years - I think they mean freehold.  In southeast Scarborough here's when house prices have doubled: 

Centennial, Scarborough - doubled since 2012 (14 years)

West Rouge, Scarborough - doubled since 2015 (11 years) 

West Hill, Scarborough - doubled since 2016 (13 years) 

What is a DiSC personality test? 

A DiSC assessment is a behavioral assessment tool used to improve communication, leadership, and team performance by identifying four primary personality styles: Dominance, Influence, Steadiness, and Conscientiousness. Organizations worldwide use DiSC to develop stronger leaders, improve workplace communication, and build more effective teams.  A high "D" personality wants quick, fact-based answers (think CEO)

Interested in other real estate statistics for Scarborough?  Check out my other blog posts! 




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Oct 16, 2026

Home stage to sell it doesn’t mean you have to make your home feel like it’s not yours anymore!  

I firmly believe Home staging help sell a house, especially in this market, we’re in right now where it’s quite unpredictable.  

Owners still live in many of the homes that I stage; some people have a BIG resistance to staging; here are some of their most common concernts:

  • house won’t feel like their own anymore 
  • we have to remove all the furniture and replace it
  • they will have to pay for it
  • when they bought the house, it wasn't staged so why do they have to do it now? 

So why do we stage homes to sell - here are 10 of the most common reasons staging works?

  1. Sometimes the rooms are empty and needs furniture to show buyers how the space is to be used 
  2. Buyer's can't visualize what furniture will fit in an empty room
  3. The space is cluttered so staging & re-arranging the furniture will show off the space to its best
  4. Staging helps de-personalize a property to sell so that it appeals to today’s current buyers. 
  5. Removing your personal effects to stage protects your privacy
  6. Staged homes look better in pictures
  7. Neutral decor appeals to the most buyers possible
  8. A staged home looks move-in ready
  9. Staging a home can help appeal to the target buyer (think replacing a home office with a nursery, or creating a teen hang out in the basement)
  10. A staged home helps you compete with other homes that aren't staged

A lot of times it just looks like your house, but better!  


Take a look at these recent home staging transformations and let me know which is your favourite!  Curious if your home will benefit from home staging?  Call me at 416-562-5002



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