August was a slower month for real estate after a vibrant July but now that Labour Day has been and gone things are already shaping up for a busy fall.

Some Toronto real estate agents say demand is hot and outstripping supply and people are willing to pay prices in excess of market value.

Once again it’s the condo market that is particularly frantic, with prices rising and demand high while detached houses are barely seeing an increase in sales with the inventory also being low.

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