September’s statistics shows that the Toronto Real Estate Market shows no signs of slowing. Total Residential transactions remained almost identical to the prior month, continuing the upward trend from the year prior. Rental markets also saw an increase, with the average price of a one and two bedroom hitting $2,262 and $2,941 respectively.
This month’s performance can be attributed to a hopeful economy, stable rotating amount of supply and demand, as well as certainty in the value of investment, despite potential political impact due to an upcoming federal election.
The average days on the market was 25, indicating a significant amount of property turnover inside each month.
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