The market is still sizzling with many multiple Offers making those selling very happy.
Properties are sold quickly, on average in under 2 weeks and in most cases Seller's realize more money than they could ever have imagined. Many of them are leaving the GTA to buy something and are adding money to their retirement fund.
Month over month (August 2021 to September 2021) the numbers as follows;
Detached bungalows were up 9% to $1,789,300 while Detached 2-storeys were off by about 4% at an average sale price of $2,191,300. And volumes were way down from a year ago with just 87 detached 2-storey sales compared to 450 last September. T he number of leases follow suit with only 31 transactions.
It looks like the frenzy will continue in October.
