GTA home prices up in August

Average selling price up 8.9 percent compared to last year

GTA home and condo prices were up 8.9 percent last month, compared with August of 2013.

The Toronto Real Estate Board released numbers Thursday showing the average selling price for homes and condos in August 2014 was just over $546,000, up from $501, 000 last year.

August sales were up 2.8% over August 2013.

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