Anne  Adams

Anne Adams

Broker of Record

TORONTO WEST REALTY INC., Brokerage*

Mobile:
(416) 801-7653
Office:
(416) 255-7653
Email Me

Toronto Real Estate Board Market Watch Update 

Toronto Real Estate Board Market Watch Update 

Market Watch Report 

Current Sales Update Click this Link below

https://www.torontowestrealty.com/?q=Current-Sales-Update.AnneAdams

GTA REALTORS® Released October 2019 Statistics

 

 

<<

GTA REALTORS® Release October 2019 Statistics

November 5, 2019 -- Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB's MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.

The trend of annual growth in sales versus annual decline in new listings continued in October 2019, with new listings down by 9.6 per cent compared to October 2018. The resulting tighter market conditions compared to a year ago resulted in positive annual rates of price growth across all major market segments, from a GTA-wide perspective.

The MLS® Home Price Index Composite Benchmark was up by 5.8 per cent on a year-over-year basis in October 2019 – the strongest annual rate of growth since December 2017. The average selling price for all home types combined was up by 5.5 per cent to $852,142, compared to $807,538 in October 2018.

"As market conditions in the GTA have steadily tightened throughout 2019, we have seen an acceleration in the annual rate of price growth. While the current pace of price growth remains moderate, we will likely see stronger price growth moving forward if sales growth continues to outpace listings growth, leading to more competition between home buyers," said Jason Mercer, TREB's Chief Market Analyst.

 

Please E-mail me at  aadams@torontowestrealty.com  or call me on my easy to remember numbers for any real estate matter, any time.

 

416 255 SOLD (7653)   or

Cell  416 801 SOLD (7653)

 

Anne Adams, Broker of Record
Toronto West Realty Inc., Brokerage

 aadams@torontowestrealty.com

www.TorontoWestRealty.com 

Have Questions?

reCAPTCHA

(416) 801-7653

  

(416) 255-7653