As of August 31, 2016, if no more properties came onto the Toronto housing market, it would only take just over a month to deplete the available supply. That’s according to a new report by Chestnut Park Real Estate. BNN speaks with a broker for the company, Justine Deluce.View Video on BNN
It was no surprise that October’s resale market results continued the record pace that began in June. Reported sales hit a new high in October, with 10,563 residential properties trading hands during the month, a 25 percent increase compared to last year. Not only were sales volume at record levels, but average sale prices also continued their steady upward march. Last October, which was a strong month, 8,445 properties were reported.