Some highlights of October 2022 realestate activity:
October Stats | 2021 | 2022 | CHANGE |
Total Transactions | 9,743 | 4,961 | – 49.1% |
Average Selling Price | $ 1,155,6242 | $ 1,089,428 | – 5.7% |
Total new Listings | 11,749 | 10,390 | – 11.6% |
Home prices in the GTA have found support in recent months because price declines in the spring and summer mitigated the impact of higher borrowing costs on average monthly mortgage payments. Prices declined upto 49% throughout the GTA.
Following are the actual sales numbers in October Greater Toronto Area’s major cities compared to october 2021 sales activity: Click to expand