The market continues to Rise while the leaves continue to Fall.
Picking up from where the hottest real estate summer ever dropped off, the home market continues its record setting pace, both in terms of sales volume and price.
🔸️ 𝙏𝙝𝙚 𝙂𝙤𝙤𝙙: As low borrowing costs continue to make mortgages more affordable, buyers are out in full force. The overall average selling price of homes is up by 14% to $960,772, an all time record high!
🔸️ 𝙏𝙝𝙚 𝘽𝙖𝙙: The rising number of COVID-19 cases adds a layer of unpredictability to the comfortability of buyers and sellers who intend to transact property this Fall.
🔸️ 𝙏𝙝𝙚 𝙂𝙧𝙚𝙖𝙩: The number of home sales last month are up by 42.3% compared to the previous September. At 11,083 sales, this is the 3rd month in a row that the GTA has set a monthly record high.