Toronto Real Estate Snapshot, Powered By Zoocasa (Sept. 11 – Sept. 17)

toronto home

With the busy September market now underway, most home types experienced a strong annual uptick in sales this week, with double-digit increases recorded throughout the 905 markets, and mixed performance for MLS listings in Toronto.

A total of 112 detached houses sold in the city, up 51 per cent from the same time period in 2018, though fairly flat from August, up just 1 per cent. In the surrounding 905 markets, a total of 404 houses sold, marking a 31 per cent year-over-year increase, though down -17 per cent month-over-month. Semi-detached house sales also experienced strong improvement with 38 transactions in the 416, up 3 per cent year-over-year, and 36 per cent month-over-month. In the 906, a total of 87 changed hands, an increase of 13 per cent year-over-year, though down -8 per cent month-over-month.

Townhouses have seen solid long-term gains with 27 sales in the 416, up 59 per cent from 2018, though -18 per cent below August levels. The segment had a similar showing in the 905 with 71 sales, up 29 per cent year-over-year, and -7 per cent month-over-month. Condos were the only home type to see annual declines in the 416, with 138 units sold, down -5 per cent year-over-year, and -13 per cent month-over-month. Performance was stronger, however, in the 905 with 235 units changing hands, up 12 per cent year-over-year, and down -7 per cent month-over-month.

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