Toronto Real Estate Snapshot, Powered By Zoocasa (Oct. 16 – Oct. 22)

decline

Monthly GTA real estate activity continues to come down from September’s highs, as is typically seasonal. All home types posted month-over-month declines, though annual sales remain largely improved from last year in both the City of Toronto and 905 regions, which include the Brampton, Mississauga, and Oakville real estate markets.

A total of 125 detached houses sold in the 416, down -28 per cent month-over-month, though up a solid 10 per cent from last year. In the 905, a total of 448 houses sold, down -23 per cent month-over-month, but up by the same amount year-over-year. Semi-detached houses had a more mixed performance with 35 sales within the 416, down -48 per cent month-over-month and -27 per cent year-over-year. A total of 102 sold in the 905, down – 23 per cent month-over-month, though up 32 per cent from the same week in 2018.

The townhouse segment had an overall stronger week with 29 sales in the 416 – down -9 per cent month-over-month, but more than doubled from last year at 107 per cent. In the 905, 88 sold, marking gains of 5 per cent month-over-month and 54 per cent year-over-year. The condo segment, however, continues to soften – a total of 156 units sold in the 416, down -27 per cent month-over-month and -5 per cent year-over-year, while 234 sold in the 905, down -21 per cent month-over-month, and -3 per cent year-over-year.

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