The September housing market continues to pick up steam as demand for homes for sale improved both on a monthly and annual basis across all home types this week.
Sales growth has been especially strong among the single-family home segments in the 4216; a total of 143 detached houses sold within the city, up 51 per cent from the same time period in August, and 27 per cent from 2018. Month-over-month growth was a bit slower in the 905 markets with 514 sales, up just 3 per cent monthly, though marking a 35 per cent improvement from last year. A total of 57 semi-detached houses sold in Toronto, up 73 per cent month-over-month and 4 per cent year-over-year, while 125 sold in the 905, marking increases of 45 per cent and 15 per cent, respectively.
Results were mixed for multi-family home types, however; a total of 29 townhouses sold in the 416, up 45 per cent year-over-year and 26 per cent month-over-month, while 75 sold in the 905, resulting in a -1 per cent month-over-month decline, though still a 19 per cent improvement, annually. The condo apartment segment continues to see the softest growth with a total of 150 transactions in the 416, down -6 per cent month-over-month and -10 per cent year-over-year, while 242 sold in the 905, down -9 per cent month-over-month, though up 5 per cent from the same time last year.