➕‘the numbers’ for October are in - and there was continued growth in a number of key #torontorealestate market indicators. Of particular note, new listings were up +57% vs. October 2019, and the year-over-year gain in average price is up +11% vs. October 2019, and finally sales were also up +7%.
However the October data does reveal some variation in market segments. “Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighbourhoods. In contrast, Condo buyers have benefitted from much more choice compared to last year. Pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism impacting cashflows for many investors,” said Lisa Patel, TRREB’s President.
Looking to buy a home in Toronto? Average prices in October were as follows:
➕Detached $1,470,857
➕Semi-detached $1,154,087
➕Townhouse $828,090
➕ Condo $668,161
Data presented is for Toronto Only.
However the October data does reveal some variation in market segments. “Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighbourhoods. In contrast, Condo buyers have benefitted from much more choice compared to last year. Pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism impacting cashflows for many investors,” said Lisa Patel, TRREB’s President.
Looking to buy a home in Toronto? Average prices in October were as follows:
➕Detached $1,470,857
➕Semi-detached $1,154,087
➕Townhouse $828,090
➕ Condo $668,161
Data presented is for Toronto Only.
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