Strong growth in the October market, especially in the 905
If we look at this months stats and focus in on the top 4 variations from October last year, we walk away with the following insights:
1. The average home in the 905 areas jumped a whopping (almost) 30% from last year. We've seen the Toronto home reach the million mark a while ago, for the second month in a row, the GTA home as a whole average a million but we're talking strictly 905 here - excluding TO.
2. 905 condo sales (not prices) were up by 28.3%. This is a sign of an active condo market in places like Mississauga, Richmond Hill and Markham. This is a good sign heading into the colder months of the year.
3. Along with it's 905 counterpart, the Toronto real estate market also saw a significant increase in its average price climbing by 21.7%.
4. Some more good news for the 905 regions. Townhomes in these areas saw a 21.2% increase in price..