Record Home Sales for October 2015

Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 8,804 sales through TREB’s MLS® System in October 2015. This result represented a 3.4 per cent increase over the October  2014 result of 8,512.

Toronto MLS Sale

"It is clear that many GTA households remain upbeat about home ownership because owning a home represents a high quality, long-term investment. We will see a big, new record this year for home sales reported through TREB's MLS® System," said Mr. McLean.

"Despite the record October result, I must point out that the Government of Ontario could hamper home sales in the near future. The Wynne government is seriously considering allowing municipalities throughout Ontario to institute a second land transfer tax on top of the existing provincial tax. Recent polling has shown that the great majority of Ontarians oppose this tax and would consider delaying a move if they were forced to bear the additional upfront cost," added Mr. McLean.

 

Please click on the Chart for more detailed graphs.

Click here for Complete GTA Real Estate Report in September 2015

Click here for Complete Durham Region Real Estate Report in September 2015

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Najib Shams

Najib Shams

Sales Representative
CENTURY 21 King's Quay Real Estate Inc., Brokerage*
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