➕‘the numbers’ for September are in. As the housing market continues to adjust to higher borrowing costs, the the sales volume for Toronto in August 2022 was down -49%, and new listings declined by -24%. The market conditions for month of September moved Toronto into a ‘Buyer’s Market’, however the continuation of a tightening market can be seen with an average increase of +5% in overall prices – driven by year over year gains in the condo and townhouse segments, as well as certain neighbourhoods within Toronto.
For Sellers, the average selling prices in the ‘416’ were: detached houses [-11%], semi-detached houses [-7%], townhouses [+1%] and condos [+3%] vs. September 2021.
Looking to buy or sell a home in Toronto? Average prices in September were as follows:
Data presented is for Toronto Only. Source: TRREB.