Toronto Real Estate Up In October 2016

November 7th, 2016

Number of sales in October 2016 increased to 9,768 from 8,759 in October 2015 (11.5% increase). Average sales price increased to $762,975 from $630,254.

However, number of listings only increased by 1%, which means demand still outweights supply.

It will be interesting to see what effect the new mortgage rule have on the market over the next few months.