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October brought encouraging news as more Buyers entered the market. According to the Toronto Real Estate Board, we saw a 44% increase in sales over last year in the GTA. With lower borrowing costs and steady prices, we anticipate a strong finish in Q4 and a very buoyant market in 2025.
In October Oakville experienced a 5.9% increase in the average sale price and a 68.75% increase in the number of sales. Burlington’s average sale price decreased -4.6% yet the number of sales increased by 64.9% and in the Hamilton region the average sale price rose by 7.6% and the number of sales increased by 46%.
