Toronto home sales and prices up, but new listings down in September: TRREB
Global News
The Ontario board revealed Tuesday that 11,033 homes changed hands in the region last month, up from 9,046 last September.
Toronto Regional Real Estate Board says the market kicked off the fall selling season with an 18 per cent increase in homes sold in September and a 34 per cent drop in new listings.
The Ontario board revealed Tuesday that 11,033 homes changed hands in the region last month, up from 9,046 last September.
The uptick in sales is typical when autumn arrives, but the board said this year’s spike was the third-highest on record for September and signals that the market is still facing tightened conditions.
“Demand has remained incredibly robust throughout September with many qualified buyers who would buy a home tomorrow provided they could find a suitable property,” said TRREB President Kevin Crigger, in a release.
Brokers and prospective buyers and sellers have long been eyeing the fall, after the summer saw sales slow and supply dwindle.
Realtors said in August that many of their clients were taking a break or delaying their search for a home or buyer until children returned to school, border restrictions were loosened and people begun listing properties once more.
But September didn’t deliver all they expected.
Active listings, TRREB said, experienced a steep fall as they dropped almost 50 per cent to 9,191 from 18,167 in September 2020.
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