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October, 2018 Toronto Real Estate Market Update

TORONTO, ONTARIO, November 5, 2018

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 year-over-year in October suggests that market conditions became tighter.

"Annual sales growth has outstripped annual growth in new listings for the last five months, underpinning the fact that listings supply remains an issue in the Greater Toronto Area. With municipal elections in the rear view mirror, all levels of government need to concentrate on policies that could remove impediments to a better-supplied housing market, including facilitating the development of a broader array of medium density housing choices," said Jason Mercer, TREB's Director of Market Analysis. Full Report

Toronto Condo Update for Q3, 2018

October  18, 2018 – "Recent survey results from Ipsos revealed that the vast majority of young people in the GTA are concerned about home ownership. Nearly 92% of respondents agreed that the goal of home ownership is becoming more difficult for younger people in the city. With these insights in mind, it makes sense that relatively more affordable home ownership alternatives like condo apartments have been very popular with home buyers over the past year," said Jason Mercer, TREB's Director of Market Analysis. Full Report

 

LOOKING FOR A HOUSE OR CONDO?

Beautiful & Modern End Unit 1395 Sqft 3 Bedroom Townhouse W/Potential 4th Grand Master + 3Pc Bath (Apprx 400 Sqft) To Finish By Builder On Upper Level For $17,500. Is Expected To Feature 9 Ft Ceilings, Including Spacious Rooftop Terrace As Well As Communal Courtyard, Laminate Wood Floors, First-Rate Quality Oak Stairs, Kitchen Will Include Extended Height Cabinets, Quartz/Granite Countertop & Ss Appliances, Porcelain Sink, Quartz/Granite Counters In Baths.

CONDOS FOR SALE

One Of Richmond Hill 'S Most Desirable And Well Maintained Building .Bright And Spacious 2 Bedroom. Large Living And Dining. Close To All Amenities , Public Transit, Steps To Hillcrest Mall. Move In Ready With Beautiful Garden And Outdoor Pool. Please See Schedules For Approved Updating To Be Starting Soon.

Pre-construction Condo Listings

Pre-construction Condo Listings