GTA Real Estate Market Watch - October 2019

By: Jay Rana

GTA Real Estate Market Watch - October 2019

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toronto real estate, markham real estate, york region real estate, stouffville real estate, home buyer, home seller, first time home buyer, starter home, TREB, century 21, re/max, keller williams, royal lepage, purple bricks, redfin, ibuyer, market watch, realtor, homes4less, sellhomes4less, search realty, jay rana, GetRANA, re4l, Halloween, Vegan Realtor, jayguaranteedsold, VIP Home Buyer Protection Plan, remembrance day, november, american thanksgiving

GTA Real Estate Market Watch - October 2019.
Published November 5th, 2019

 



Here's what happened in the GTA Real Estate Market last month October 2019
Price comparison to October 2018 (last year)

Without a shadow of a doubt – Condos ruled this October with a nearly 10% appreciation, followed by Semi-Detached with 4.1% increase. Detached and Townhomes pulled back in their percentage appreciation, however still were up, year-over-year by 3% on average in the GTA.
I had predicted that there would be steady growth in the October market while that remained true year-over-year, month-over-month semi’s & towns continued to grow steadily however detached & towns remained relatively the same.

In comparison to September 2019, the average price resulted as such:
 

As we are now in November, we’re swinging into the annual BUYER’S MARKET for the winter months.  If you were waiting to jump into the market to get a deal for personal use or investment resale – get your financing in order ASAP to jump on great deals!  Beat out the high Spring Market prices NOW!

Please note that these are overall GTA stats & trends, which do apply to the regions of York, Durham, Peel & Toronto - however, if you'd like specific information regarding a particular region or city, please let me know and I can provide more precise statistics and information.
November's Market Watch to be released in early December - catch you then!
Jay

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Jay Rana
Sales Representative, CENTURY 21 Titans Realty Inc. Brokerage
Real Estate Negotiation Expert, Real Estate Business Institute
www.getrana.com | jay@getrana.com | 647-930-1394 (direct) | 416-820-4504 (secondary)
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