Home Sales In Toronto Area See Short-Term Gains [REPORT]

toronto home sales

Toronto home sales have seen a little heat as we’ve moved into the cooler months.

Typically, as leaves start to fall so do real estate sales. After the “back-to-school” rush, prospective home buyers are wrapping up their deals before the snow flies and the holidays set in.

READ: In Toronto’s Real Estate Battle, Bidding Wars Come At A High Cost

Looking at the October mid-month Toronto area home sales report compiled by Zoocasa, we can see that last-minute flurry of activity is reflected.

READ: City Wants More Money From Condo Developers, But Buyers Will Pay For It

The report highlights stronger month-over-month sales than what was recorded during the same two weeks in September, though a surge of new listings of some home types made the market a mix of buyers’ conditions in the short term.

What will come as we head into the winter months? Maybe looking back at last year can give us some insight into the months ahead.

READ: Here Are 3 Strategies To Achieve Housing Affordability In Toronto

The year-over-year perspective shows sales are mostly flat, with slight increases in new listings across some home types.

Take a look at the highlights of the report’s findings below along with a very detailed infographic to get better insight:

Key Findings When Comparing Year-Over-Year Changes In the GTA To Same Period In 2017:

  • Detached houses: Sales are up one per cent in the City of Toronto and down three per cent.
  • Semi-detached houses: Sales are up 18 per cent in the City of Toronto and up eight per cent.
  • Condo apartments: Sales are up two per cent in the City of Toronto and up one per cent.
  • Condo townhouses: Sales are up two per cent in the City of Toronto and up two per cent.

READ: GTA Cities With The Highest And Lowest Property Taxes
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