Market Update: October 2020

Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row… Let’s check out the stats!

  • Overall sales were 10,563 in the GTA this October, a 25.1% increase compared to 8,445, transactions last year
  • The average selling price for all home types combined was $968,318 – up by 13.7% compared to $851,877 in October 2019

Although average prices are up across the GTA, not all types of units and areas in the GTA are seeing the same levels of growth.

Competition between buyers of single-family homes and particularly detached houses remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighborhoods.