![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/09\/toronto-detached-home.jpg\")
<\/a><\/p>\nPhoto:\u00a0Joel Filipe<\/a>\/Unsplash<\/a><\/em><\/p>\n Detached homes are back on top in Toronto.<\/p>\n While total Toronto home sales surged in August, detached houses regained the crown as the housing type\u00a0that posted the biggest annual increase, according to the Toronto Real Estate Board (TREB).<\/p>\n Some 3,618 detached homes changed hands across the GTA last month, an increase of 21.3 percent compared to last August.<\/p>\n\n \u201cGTA-wide sales were up on a year-over-year basis for all major market segments, with annual rates of sales growth strongest for low-rise home types including detached houses,\u201d says the real estate board in its monthly report.<\/p>\n \u201cThis reflects the fact that demand for more expensive home types was very low in 2018 and has rebounded to a certain degree in 2019, albeit not back to the record levels experienced in 2016 and the first quarter of 2017,\u201d the board continues.<\/p>\n At 2,067 transactions, condo sales activity was up 4 percent annually, while townhouse sales increased 13.7 percent, totalling 1,292. Meantime, the semi-detached segment saw 642 sales for an annual rise of 11.8 percent. In July, detached home sales had skyrocketed 42 percent, overshadowing every other housing by a large margin.<\/p>\n \u201cMarket conditions also became tighter in August 2019 compared to a year ago because, while sales were up year-over-year, new listings were down by three per cent over the same time period to 11,789,\u201d TREB notes.<\/p>\n In all, 7,711 residential properties were sold across the region last month at an average price of $792,611, representing an increase of 3.6 percent on a year-over-year basis.<\/p>\n Detached homes may lead the charge for home sales, but in terms of the rate of price growth, condos are still tops.<\/p>\n GTA condos sold for an average of $574,632 in August, amounting to a year-over-year increase of 6.1 percent, well above the 0.3 percent annual growth for detached homes, which had an average sale price of $978,920.<\/p>\n Semi-detached homes and townhouses were in the middle, with yearly gains of 3.5 percent and 2.3 percent, respectively. The average selling price for a semi-detached home was $768,230, compared to $639,584 for a townhouse.<\/p>\n While total Toronto home sales surged in August, detached houses regained the crown as the housing type that posted the biggest annual increase.<\/p>\n","protected":false},"author":23,"featured_media":195458,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2019-09-06T13:30:32Z","apple_news_api_id":"be35e7d6-6e12-469f-ae86-fd6fabeb1032","apple_news_api_modified_at":"2019-09-06T13:30:33Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AvjXn1m4SRp-uhv1vq-sQMg","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/09b86915-7d2b-3acd-915b-b215002d01b7"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8692],"apple_news_notices":[],"yoast_head":"\n