Oct 2019 Toronto Real Estate Update - Video Blog
Monday Oct 07th, 2019Share
During this video, Michael will provide you with an in-depth analysis of our current real estate market here in the GTA. The overall average selling price in September 2019 was $843,115, which is up from $792,611 from August 2019.
Broadly speaking, the increased competition between buyers for active listings has resulted in strong price growth for semi-detached houses, townhouses, and condominium apartments. The demand for more expensive homes was quite low in 2018 and has to some extent rebounded in 2019... but not back to the record levels that were experienced in the first quarter of 2017, and throughout 2016.
The number of active and new listings has decreased throughout the past few months which have caused many areas to have a shortage of listings from buyers to choose from. This makes it an ideal time to put your home up for sale, as new buyers will be entering the market every day. Choosing Michael To Buy Or Sell Will Be A GREAT Decision! 416-671-5218