The Greater Toronto Area's housing market rebound continued through September following 3 months of the highest volume, in those months, of Real Estate transactions in Toronto's history. In September the GTA's volume of sales was up 28% and the average price of $406,877 was up 10% compared to the same month last year. Clearly consumers have remained confident in housing ownership as a long-term investment.
The Toronto Real Estate Board's (TREB) Senior Manager of Market Analysis projects that "Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record."
The average September sale prices for homes in 14 central Toronto regions are:
W01 $ 452,615 E01 $ 474,846
W02 462,874 E02 573,495
E03 401,036
C01 $ 406,163 C08 $ 374,572
C02 790,425 C09 1,048,314
C03 577,839 C10 701,242
C04 767,426 C11 608,812
C12 1,171,743
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