Every month, the now publicly accessible Toronto Real Estate Board releases a report detailing the state of the housing market in the GTA. These are the stats you should be paying attention to from the October edition, which covers the sale activity throughout the month of September.

The increase of the average home in the GTA. This covers all housing types, from condos to detached houses.

When the price of detached homes is isolated, we actually find that the average price of a detached home has gone dow 0.6%. However, specific areas in the GTA have remained steady during the month of September.

This is the year-over-year comparison for the month of September only in the city of Toronto. Keep in mind that these numbers also take into account properties with very high list prices, so while the market overall is in decline, median home prices are holding steady as you’ll see in the number below.

When excluding outliers, the detached home prices for the City Of Toronto have actually gone up 1.04%

The condo market in Toronto is booming, with prices rising 11.7% compared to October of last year.

The number of homes sold in the GTA during the month of September.

The real estate market in Toronto is moving up at a “healthy” rate, according to TREBA. If you’re looking to break into the housing market, or just want some advice regarding your property, contact me.