August’s Newsletter: 15 New TO Restaurants – 16 Stunning Spots in ON – Unmissable August Events to Ignite Your Summer Spirit!
August 10, 2023
We are well into August and it may seem like our summer is almost at its end but, before we break out our sweaters and start sipping on those pumpkin spice lattes, there’s still so much left to do in order to make the most of your remaining summer days! Have a staycation and enjoy some of the most stunning places in Ontario before summer winds down or give your taste buds a treat and try out some of Toronto’s hot new restaurants. There are a few ideas below on how to make the dog days of summer “sit pretty” in your memory bank.
In July, across the board, the average home prices were up compared with last year. This is an excellent sign that people are adjusting to higher mortgage rates. Interestingly, the number of sales of detached homes and condos were up year-over-year; sales of semis and towns were down. Any upward trend in sales and pricing is good news. We’ll see if this continues into the fall as the Bank of Canada is set to make another rate announcement in September. Another rate hike could definitely affect the pace of the fall market, depending on if ti actually happens or not.