There were 12,388 less properties for sale this year from last year – a 16% drop in listing and a 4.3% drop in average sales prices in the GTA. Do you know where prices didn’t drop? TORONTO. Location Location Location!! The Gov of Can’s recent announcement putting interest rate increases on hold means we are
Prices slump and so do active listings. The stats represent TORONTO as a whole – I can tell you that property values in premium areas continue to climb while attracting multiple offers. Supply is an issue and I expect it will continue to be an issue moving into the spring – the stress test has
Side by side stats for Toronto real estate sales for the months of August and September. Things are moving up:)