GTA Market Stats for October 2016

17 November 2016
Life and the City

Here’s a summary of the significant real estate milestones from October 2016:

  • Highest ever number of overall sales for the month of October
  • Highest ever ratio of sales-to-listings for the market overall AND for the downtown condo market
  • Active listings were down to their lowest ever for the month of October
  • Most condo sales ever for the month of October
  • 21.1% average sale price increase from one year ago
  • HUGE $133,000 increase in the October average sale price compared to 2015
  • October’s average price was the highest of any month so far this year
  • Compared to October 2012, just 4 years ago, the average price is up 51.5%
  • Heading for another record year of sales – in the range of 112,000 vs. 101,212 in 2015

.

Take a look at the infographics below to discover overall market stats, as well as stats for districts throughout the GTA, and watch the video at the bottom of this post for even more insight. This interactive map identifies the area that each district covers. Feel free to reach out to us if you have any questions regarding these stats, or if you want to learn more about current stats in your own neighbourhood!

.

All Districts

.

Downtown Condos

.

North-Central Districts

.

South-Central Districts

.

East Districts

.

York Districts

.

.

Watch RE/MAX Hallmark's October 2016 Toronto Market Report: