Monthly Market Update for Greater Toronto Area - October 2023
In October 2023, GTA home sales dipped by 5.8% compared to the previous year due to high borrowing costs and interest rate uncertainty. However, new listings increased, though not to the levels seen in the past decade.
Demand for housing remains strong, driven by population growth and a resilient economy, particularly in the rental market. Average selling prices and the MLS® Home Price Index Composite benchmark rose by 3.5% and 1.4% year-over-year, but still fall short of their early 2022 peak.
Our monthly market update showcases everything you need to know about local real estate trends over the last month.
October 2023 Market Update for Greater Toronto Area
Average Sales Price
Months of Supply
Average Days on Market