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‘the numbers’ [september 2022]
by sutton old mill

➕september 2022➕

 

➕‘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:

Detached $1,585,589
Semi-detached $1,210,715
Townhouse $943,922
Condo $769,058

Data presented is for Toronto Only.   Source: TRREB.

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