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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com





3 October 2019

Real estate sales rose by 22% last month

According to the Toronto Real Estate Board (TREB), the GTA sales rose by 22% last month from September 2018, with home prices also growing.

TREB says there were 7,825 sales through MLS System compared to 6,414 sales seen a year ago. In case of a monthly comparison, there were almost no changes in sales numbers. The MLS home price index went up by 5.2% annually.

At the same time, the average price for all housing types rose by 5.8% from a year ago and reached $843,115.

The number of new listings fell by 1.9% on a year-over-year basis stopping at 15,611.

“In spring and summer of 2019, the housing demand was up following slow sales pace reported last year. Many first-time buyers still face difficulties with finding affordable homes. Federal parties who participate in the election campaign promise to solve the affordability issue with certain measures. Although the demand aimed proposals are still important, it’s necessary for all levels of government to be focused on improving supply of various housing types,” - noted TREB President Michael Collins

 

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