Lindsay Reimers

Market Snapshot - October 2018

22 November 2018
Lindsay Reimers

October 2018 Market Watch numbers have been released for the Toronto Real Estate board.

Here is a snapshot of what has happened this month in our booming city. With no surprise here, on a year to year basis, the average home price in the GTA is still on the rise! With an increase of 3.5% from 2017, Toronto isn’t failing to be a great place to invest in real estate.

This month the price growth continued to be driven by the condominium, apartment and higher density low-rise market segments. Our strong regional economy and steady population growth allows the continued demand for housing ownership as we approach 2019. There were 14,431 new Listings entered into TREB’s MLS® System in October 2018 – down 2.7 per cent compared to October 2017. The fact that sales were up and new listings were down from October 2017, suggests that market conditions became tighter but the market is showing no signs of slowing down.

It’s always important to have an experienced, up to date Realtor on your side. As the market is forever changing, hiring the right person to represent you in this competitive market, is essential. Give me a call or email today to discuss more about the current market, your investment options or your real estate plans for 2019.