October has proven to be another red hot month in terms of overall sales. TRREB reported 10,563 sales which is up 25.1% compared to 8445 transactions in October 2019. The average price was also up 13.7% to $968,313 from this time last year. These numbers represent much of the listing/sales transactions that would normally have been part of the spring/summer market in April/May/June as we saw a delay in the new listings and sales when COVID-19 caused with initial lockdowns at the start of what would have been the spring market. The reality is that the number of year to date sales overall are very similar to where we were at this time last year while prices have still increased due to the ongoing supply issues.
However, considering we are…
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