Toronto Real Estate Board September MLS sale statistics:

• Toronto Real Estate Board October MLS sale statistics:

  • GTA single family home sales including condo townhouses and apartments - 8,491.
  • Volume - up 14%, compared to October 2018 7,448 sales.
  • Volume - up 8.5% compared to September 2019 7,825 sales.
  • Average price of a GTA single family home - $816,105.
  • Up 3.5% from 2018's average price of $787,848.

  (The GTA is Burlington to Clarington, Lake Ontario to Lake Scugog)

  “As market conditions in the GTA have steadily tightened throughout 2019, we have seen an acceleration in the annual rate of price growth. While the current pace of price growth remains moderate, we will likely see stronger price growth moving forward if sales growth continues to outpace listings growth, leading to more competition between home buyers,” said Jason Mercer, TREB’s Chief Market Analyst.

  We track MLS sales daily.

  • November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
  • October 2019 45-70% of properties sold for asking or under.

  (Central districts cover the Lake to York Mills, and the Humber River to Victoria Park.)

  The October residential resale market was a story of different markets that vary by housing type and location.

  • In central Toronto limited supply and strong demand, meant bidding wars and "bully offers" in both freehold and condos if the list price was reasonable.
  • The 905 region remains a softer market.
  • New listings were down by 9.6% compared to October 2018.
  • The result is tighter market conditions and accelerating price growth.