Toronto realtors report record September

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 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. 

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