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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



HST - WHAT IS TAXABLE?

5 November 2019

Toronto real estate prices were up last month, while listings fell

According to the Toronto Real Estate Board (TREB), the number of properties listed for sale in the biggest Canadian market was down again, leading to forecasts of possible prices growth.

TREB says there were 15,375 active listings across the GTA in October, which is 18.8% lower than a year ago.

At the same time, home sales were up by 14% annually during the same month.

The combination of lower supply and stronger selling activity led to prices increase by 5.5% to $852,142.

“In 2019, the GTA market conditions have been steadily tightening, and we’ve seen faster pace of the annual prices growth,” - noted TREB Chief Market Analyst Jason Mercer.

“Although today’s pace of price growth is still quite modest, we’ll probably face a stronger increase, in case the sales growth keeps exceeding listings gains, causing a harder competition between buyers.”

Sales and average price by major home types in October 2019

Sales

Average Price

416

905

Total

416

905

Total

Detached

1,034

2,926

3,960

$1,323,015

$952,574

$1,049,300

Semi-detached

322

491

813

$1,099,802

$690,599

$852,669

Townhouse

340

1,055

1,395

$795,115

$638,672

$676,802

Condo appartment

1,575

644

2,219

$662,631

$506,846

$617,419

Year-over-year per cent change

Detached

18.3%

20.1%

19.6%

1.1%

4.2%

3.0%

Semi-detached

-2.7%

12.4%

5.9%

7.1%

4.7%

4.2%

Townhouse

25.5%

20.0%

21.3%

3.5%

2.7%

3.1%

Condo appartment

4.4%

6.6%

5.1%

9.6%

10.0%

9.6%

 

 

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