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02 November 2017

October stats pointing to stronger market conditions in the GTA

November 2, 2017

Residential sales showed an above-average unit sales increase between September and October 2017 of almost 12%, but sales are down 27% from the same month last year. Condominiums were a key driver of both this increased number of sales and an overall 2.3% increase in selling price for October transactions compared to October of 2016. A recent Urbanation report forecasts that 2017 will set a new record for condo sales in the GTA with 12,000 units becoming available this quarter, pushing total sales to 34,000, up from 27,000 in 2016.