TREB released the GTA September home resale numbers with the heading: Strong Sales and Price Growth in September. Dianne Usher, TREB President, attributed the "renewed growth in home sales in GTA" to the fact that "households have found the costs of home ownership, including mortgage payments, remain affordable."
Let's take a quick notes of this issue of Market Watch.
• Compared to the same month in 2012, this September had 7,411 home resales in GTA, representing a 30% increase.
• In September, the average home sale price was $533,797, +6.5% from last year.
• Detached homes, 905 area townhome and 416 area condos recorded more transctions than the average.
• There are less active listings this September than 2012's.
For those of us who own home(s), it is always good to know that "overall annual price growth has been well above the rate of inflation this year."
source: Toronto Real Estate Board (TREB)