Real Estate Market in Review – October 2023: Year-over-year, there was a 32% increase in new listings, and a +4.3% increase in average home prices in the City of Toronto (vs a slightly lower increase of +3.5% in the GTA).
Home sales volume across detached, semi-detached and condo apartment segments were down -3.1% from the same time last year. Once again, demand in the 416 is stronger than that of the GTA, which saw a reduction of 5.8% in sales year-over-year.
Here are the numbers for October:
Desirable location, premium quality, thoughtful staging, strategic preparation and professional support all add up to a formula for success in the current landscape.
Need guidance on the City’s new Municipal Land Transfer Tax (MLTT)? There’s still time to act. Feel free to reach out, and we can discuss your unique needs and opportunities.