Toronto Real Estate Market Update October 2016

Here are the numbers for your analysis. The Greater Toronto Area Real Estate Market Report is out. Over all it shows strong numbers for all year-over-year comparison. Following are key numbers noted in TREB's MLS system in month of October 2016


9,768 sales, which is up by 11.5 per cent compared to October 2015

Active listings are down by 34.7%, though the new listings are marginally up by 0.9%

October 2016 reported 9,768 sales. Sales activity up by 11.5% from 8759 sales in October 2015

The average price went up by 21.1% from $630,254 in October of previous year to $762,975 in the same period this year.

A property took 16 days on an average to sell

Home Price Index Composite Benchmark was up by 19.7 per cent on a year-over- year

 

Toronto area saw strong price rise 

Detached - $1,303,339 - up by 21.7%
Semi-detached - $902,137 - up by 20.6%
Townhouse - $687,809 - up by 18.7%
Condo apartment - $459,199 - up by 12.9%

Toronto Real Estate Board - Market Report - October 2016

 

Balu Kiri

Balu Kiri

Sales Representative
CENTURY 21 Titans Realty Inc., Brokerage*
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