October 8, 2019 Battle Team

Royal LePage Market Stats October 2019

8,491 home sales were reported through the Toronto Real Estate Board MLS in October 2019, continuing the trend of improved year over year sales with a 14 percent jump from the same month a year earlier. Conversely, the number of properties for sale continued to trend downward with a 9.6 percent decline in new listings and an 18.8 percent decline in active listings compared to October 2018. More sales with less inventory resulted in a 5.5 percent growth in prices averaged across all property types. With the risk of rising interest rates muted, the supply crunch in the GTA continues to impact affordability as the key driver of rising price growth.

 

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