Scarborough Real Estate Market Snapshot July 24

Scarborough Real Estate Market Snapshot July 24

July 8, 2024

Scarborough Real Estate Market Snapshot July’24

Today we take a look at the Scarborough Real Estate 30 day market snapshot. Over the past 30 days, sold listings and the average sales price are down for single family homes in Scarborough, with average days on the market up to 12 days. The average sale price is $1.19 million dollars. Turning our attention to condos. Sold listings are down but the average sales price is up, with average days on the market up to 27 days. The average sale price of a condo in Scarborough is $643 thousand dollars. Our team of experts at are always here to help, so feel free to connect with one today and embark on your journey towards the lifestyle you’ve always dreamed of.

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Learn more about the Scarborough Real Estate Market:

Scarborough, Ontario, is a vibrant and diverse district located in the eastern part of the City of Toronto. Known for its multicultural population, scenic beauty, and family-friendly environment, Scarborough offers a unique blend of urban and suburban living.

Reasons to Move to Scarborough

  1. Affordable Housing: Compared to downtown Toronto, Scarborough offers more affordable housing options, including single-family homes, townhouses, and condominiums. This makes it an attractive choice for first-time homebuyers and families.
  2. Cultural Diversity: Scarborough is one of the most multicultural areas in Toronto. This diversity is reflected in its restaurants, festivals, and community events, offering residents a rich cultural experience.
  3. Natural Beauty: Scarborough is home to some of Toronto’s most beautiful natural attractions. The Scarborough Bluffs, a series of towering cliffs along Lake Ontario, provide stunning views and opportunities for hiking, picnicking, and water activities. The area also boasts numerous parks and green spaces, such as Rouge National Urban Park, which is ideal for nature enthusiasts.
  4. Educational Institutions: Scarborough offers excellent educational facilities, including the University of Toronto Scarborough campus and Centennial College. These institutions provide quality education and opportunities for lifelong learning.
  5. Transportation: Scarborough is well-connected by public transit, with multiple TTC bus routes, the Scarborough RT, and easy access to major highways such as the 401. This makes commuting to downtown Toronto and other parts of the GTA convenient.
  6. Shopping and Entertainment: Scarborough Town Centre is one of the largest shopping malls in the GTA, offering a wide range of retail stores, dining options, and entertainment facilities. The area also has various local shops, restaurants, and cinemas, ensuring there’s always something to do.
  7. Community Services: Scarborough has numerous community centers, libraries, and recreational facilities. These services provide residents with opportunities for sports, fitness, arts, and social activities, fostering a strong sense of community.

Resources and Links

Scarborough Real Estate Market Snapshot July'24 - Scarborough Panoramic View
The Credit River – in Mississauga
Daily Snaps