Prices Stable, Sales Down and Supply Up In The GTA!

October 17th, 2017

On a year over year basis, the average sales price at the end of September 2017 was up by 2.6% compared to September 2016 ($775,546 vs $756,021). However, the number of sales was down (6,379 vs 9,830) and supply was up (16,469 new listings vs 15,050 new listings) compared to the month of September 2016. Given supply has been high recently and demand has been falling, we may very well see prices fall slightly this Fall and Winter.

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