October Market Report: Expect record or near-record home sales for the remainder of 2020

Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. TRREB Members made 10,563 sales as reported through the Toronto Regional Real Estate Board’s MLS® System in October 2020. This was up by 25.1 per cent compared to 8,445 transactions in October 2019.

Sales and new listings reached record levels for the month of October. However, year-over-year growth rates for sales and new listings diverged in some market segments. In the detached market segment, the pace of annual sales growth far outstripped growth in new listings. Conversely, the condominium apartment market segment experienced more than double the new listings compared to October 2019, whereas sales were only up by 2.2 per cent over the same period.

Via TREB. View the full report here.

 

All statistics via Toronto MLS Market Watch.

 

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