Competition Between Buyers Remained Strong Enough to Keep Average Selling Prices Above Last Years.
- When compared to last year, GTA home sales decreased by 5.8 percent.
- However, average selling prices remained higher than last years levels, increasing by 3.5 percent.
- With more inventory coming to market, homebuyers are enjoying greater selection without the stress of bidding wars. Once mortgage rates start to trend lower, home sales will pick up quickly.
Want more details? Check out TRREB's Full Report
October 2023 vs. October 2022
October 2023 vs. September 2023
Click here to see Toronto Real Estate Board's Full Report
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