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This Month in Real Estate | October 2023

Stats

This Month in Real Estate | October 2023

The market is on the move once again. October 2023 saw a 5.8% decrease in sales across all housing styles compared to October 2022. New listings were up in comparison to October 2022 but were slightly down month-over-month compared to September 2023. The average selling price across all housing styles followed the same trend as new listings. Up year-over-year, but down month-over-month. 

Here's how the market looked across the GTA last month:

Mississauga Stats

  Sales Sale Price DOM Average Sale to List Price
Detached 175 $1,564,286 17 97%
Semi-Detached 47 $980,912 22 100%

Condo Townhomes

75 $791,564 22 99%

Condo Apartments

102 $626,630 22 98%

Oakville Stats

  Sales Sale Price DOM Average Sale to List Price
Detached 73 $1,784,427 20 98%
Semi-Detached 3 $1,078,296 15 95%

Condo Townhomes

10 $757,100 25 97%

Condo Apartments

30 $811,372 33 98%

Freehold Townhomes

23 $1,252,830 19 99%

Burlington Stats

  Sales Sale Price DOM Average Sale to List Price
Detached 73 $1,455,498 24 97%
Semi-Detached 5 $963,500 19 99%

Condo Townhomes

23 $845,843 22 98%

Condo Apartments

29 $625,759 40 97%

Brampton Stats

  Sales Sale Price DOM Average Sale to List Price
Detached 182 $1,146,658 20 98%
Semi-Detached 69 $916,339  20 100%

Condo Townhomes

27 $712,537 30 100%

Condo Apartments

14 $519,000 32 98%

Freehold Townhomes

44 $849,889 22 99%

Toronto-West Stats

  Sales Sale Price DOM Average Sale to List Price
Detached 186 $1,438,834  18 103%
Semi-Detached 59 $1,080,554  13 103%

Condo Townhomes

49 $843,178 29 100%

Condo Apartments

196 $666,221 28 99%

 

“Record population growth and a relatively resilient GTA economy have kept the overall demand for housing strong. However, more of that demand has been pointed at the rental market, as high borrowing costs and uncertainty on the direction of interest rates has seen many would-be home buyers remain on the sidelines in the short term. When mortgage rates start trending lower, home sales will pick up quickly,” said TRREB President Paul Baron.

*DOM = Days on Market

Looking for more data on the market? 

Take a look at our MARKET STATISTICS here! 

Want to know what these stats mean for you? Send us a message! 

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