Sean MacKay – Oct 4, 2017
Photo: Christine Wagner/Flickr
The results are in for the first month of the fall homebuying season and they are decidedly mixed.
According to September data released today by the Toronto Real Estate Board (TREB), GTA home sales continued their downward trend that began in the summer months. Last month the GTA recorded 6,379 home sales, down 35 per cent compared to the same period in 2016.
Home prices continued to increase, but at a much slower clip compared to the highs experienced in the first four months of the year.
In short, GTA housing’s performance in September wasn’t a formidable return for the once red-hot market, nor was it the major correction some had been predicting.