Helene Kerr Real Estate
Royal LePage Johnston & Daniel

The Toronto Real Estate Board released results for October 2018, reporting tightening conditions in the GTA with sales up and new listings down. Housing sales across the GTA rose last month compared to a year ago. Prices also rose, helped by strong sales in the condo market.The overall average selling price for all housing types in the GTA was $807,340, up 3.5% year over year. Condos were the housing type that experienced the greatest price growth with a 7.5% increase. A total of 7,492 sales of all housing types were reported throught the MLS system in October, which is 6% higher than the same month last year. Condos further drove the October market in unit sales, where the total number of condo units sold in the 416 was greater than the total units of all other housing types combined in the 416.

October 2018 Toronto Real Estate Market Statistics Chart