The Greater Toronto Area saw plenty of activity in September with sales hitting a new record for the month. The Toronto Real Estate Board says that 8,200 homes were sold in the month, 2.5 per cent higher than a year earlier. Sales through the board’s MLS for the first nine months of 2015 reached 80,331 which is also a new record, up 9.5 per cent compared to the same period in 2014.
Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This is a testament to the importance that GTA households put on home ownership as a long-term investment,” said TREB president Mark McLean. The average selling price rose 9.2 per cent year-over-year to $627,395.
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