Toronto Real Estate Snapshot, Powered By Zoocasa (Oct. 9 – Oct. 15)

decline

The hot sales activity that characterized September is starting to slow its roll, as drearier weather and darker evenings usher in the mid-fall market. Home sales were down on a month-over-month basis across all home types in both the 416 and the 905 region, which includes the Mississauga, Brampton, and Milton real estate markets.

Results were mixed on a year-over-year basis, with low-rise housing types most likely to see long-term improvement. A total of 97 detached houses sold in the 416, down -32 per cent from September, but up 20 per cent from the same time period in 2018. In the 905, a total of 318 traded hands, down -40 per cent month-over-month and up 4 per cent year-over-year. It was an overall more negative month for semi-detached houses; with 33 sales in the 416, performance is down -18 per cent month-over-month and -8 per cent year-over-year. A total of 69 sold in the 905 markets, marking declines of -34 per cent month-over-month and -14 per cent year-over-year.

Townhouses sold in Toronto saw a bit of a long-term uptick with 20 sales, down -43 per cent month-over-month, though up 33 per cent year-over-year. In the 905, 58 sold, down -38 per cent month-over-month and -8 per cent year-over-year. Meanwhile, condos slumped once again with 99 sales in the 416, down -51 per cent month-over-month and -25 per cent year-over-year, and 154 905 sales, down -47 per cent month-over-month, and -17 per cent year-over-year.

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