Your Weekly Toronto Real Estate Snapshot, Powered By Zoocasa (Oct. 24 – 30)

toronto home

The market is chilling along with the weather, as demand slows for all types of MLS listings in Toronto.

The recovery in the detached house segment cooled somewhat, posting a -5 per cent dip from 2017, and plunging a full -37 per cent from the same week in July. Meanwhile, sales of the semi-detached home variety fell by -27 per cent and -44 per cent, respectively.

The decline was most acute for condo townhouses, which saw sales fall by -50 per cent year over year, and 57 per cent from last month. Sales for condo units also continue to soften, down -25 per cent and -35 per cent.

With the holiday season rapidly approaching, buyers and sellers tend to put a freeze on their market ambitions, and either wait for the New Year market or hold out until spring, which means slower activity will likely be a reality for the remainder of 2018.

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