September’s housing data from the Toronto Regional Real Estate Board (TRREB) painted a picture of rising activity.
• 📈 Sales up 8.5% year-over-year in September.
• 💰 Average price: $1.06M — down 4.7% from last year.
• 🏦 Rate cut by Bank of Canada slightly improved affordability.
• 🏡 Listings up 19%, outpacing buyer demand.
• ⏳ Homes taking longer to sell: 27 → 33 days on average.
• ⚖️ Market looks busier but remains imbalanced — more supply, weaker prices.
In short — the market may feel busier, but it remains imbalanced, with more sellers than buyers and ongoing price pressure across the GTA.
👉 For the full article click on the link below.
https://realestatemagazine.ca/foch-why-toronto-housing-has-yet-to-reach-the-bottom/
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