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 homeownership 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.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Herring Neck, Devon, Thorsby, St. David Ridge, Tilton