GTA resale home market remained strong in September with a total of 7,658 homes sold, according to the Toronto Real Estate Board. This was a 25% increase compared to September 2010. Average resale home price was 465,369, 3% higher than August and a more than 10% year-over-year increase compared to September 2010. full report
Toronto continued to lead the market in sales and price appreciation, while sales and average price in the 905 areas appeared flat compared to August. read more
Sales of detached homes remained strong in September with a 5% increase from August, while sales of condo apartment declined 6%. read more
New listings in Toronto jumped to 6,185, a 28% increase from the 4,831 in August. The increase was most noticeable in the detached home category. read more
Overall, the market remained strong but was moving towards a more balanced market direction. With the strong increase in new listings, buyers can expect more choices and less competition in the months ahead.