Toronto Real Estate Snapshot, Powered By Zoocasa (Sept. 18 – Sept. 24)

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The September marker is surging ahead as demand returns for Toronto real estate listings, marking strong improvements in sales across most home types on both a monthly and annual basis throughout the City of Toronto and surrounding 905 markets.

A total of 139 detached houses sold in the 416, marking robust growth of 56 per cent month over month and 31 per cent year-over-year. The pace of sales was more subdued, though still impressive, in the 905; with 509 transactions, they rose 10 per cent month-over-month, and 43 per cent year-over-year. Performance was mixed in the semi-detached house sector, which tends to be more volatile due to overall lower inventory. A total of 37 homes sold in the 416, up 3 per cent month-over-month, but down -3 per cent year-over-year. In the 905, a total of 98 sales occurred, leading to flat growth (0 per cent) month-over-month, though up 10 per cent year-over-year.

Toronto townhouse sales also had a very strong week with 30 units sold, up 76 per cent from August and 30 per cent year-over-year, though sales were much quieter in the 905 markets with 76 transactions – down -3 per cent month-over-month, and up 15 per cent year-over-year. Condo sales saw the overall slowest pace of growth – a total of 163 units sold in the 416, marking a month-over-month decline of 1 per cent, and up 7 per cent year-over-year. A total of 243 sold throughout the 905, remaining flat on a monthly basis, though up a solid 12 per cent year-over-year.

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