October GTA Real Estate Market Breaks Records

Ontario’s Greater Toronto Area (GTA) real estate market had another record-breaking month in October. The Toronto Regional Real Estate Board says 10,563 homes were sold during the month, a 25.1 per cent increase over October 2019. It marks the fourth straight month of year-over-year sales gains. The so-called urban exodus continued with 3,514 sales in the city of Toronto compared to 7,049 for the rest of the GTA. Sales are well ahead of listings for detached homes. However, condo apartment listings have doubled since last year and sales are up only 2.2 per cent. Condo apartments in the city of Toronto were the only type of home that saw sales fall (-8.5 per cent).