12/04/2018
GTA home sales up 3.5 per cent in October from a year ago...
TORONTO - Housing sales across the Greater Toronto Area rose last month, compared with a year ago, as prices also climbed, helped by strong sales in the condo and higher-density low-rise markets.
The Toronto Real Estate Board says there were 7,492 sales in October 2018, up six per cent versus a year ago. On a preliminary seasonally adjusted basis, sales were down one per cent compared to September 2018.
Meanwhile, the average sale price was $807,340 in October, up 3.5 per cent from $780,400 year-over-year. Adjusted seasonally, the average selling price last month was up one per cent compared with September.
The average price for a detached home in Toronto was $1.31 million in October. In the rest of the GTA, the average detached home price was $914,179.
Condominium prices across the Greater Toronto Area climbed the most out of all property types year over year.
The average price of a condominium in Toronto last month was $603,153, up 8.6 per cent compared to a year earlier. In the rest of the GTA, the average condo price was $461,013, up 5.9 per cent year over year. For all of the GTA, condo prices rose 7.5 per cent in October from a year ago.
The board, which represents more than 52,000 realtors, says sales and price growth came as the number of new listings fell compared with a year ago.
Last month, there were 14,431 new listings, down 2.7 per cent versus October 2017.