Camilo  Mesa

Camilo Mesa

Sales Representative

ROYAL LEPAGE SIGNATURE REALTY, Brokerage*

Mobile:
416-985-9216
Office:
(905) 568-2121
Email Me
Camilo  Mesa

Camilo Mesa

Sales Representative

ROYAL LEPAGE SIGNATURE REALTY, Brokerage*

Mobile:
416-985-9216
Office:
(905) 568-2121
Email Me

OCT 2018

WONDERFUL NEWS!!  October market news is out!

It is now the 5th month in a row that we have seen both price and sales volume increase.

Months of inventory, has notably gone down, which is a leading indicator that prices will be rising.

Greater Toronto Area REALTORS reported 7,492 sales through TREB's MLS System in October 2018

That is a 6 % increase compared to October 2017.

 On a preliminary seasonally adjusted basis, sales were down by 1% compared to September 2018.

GTA

CITY OF MISSISSAUGA

The average sale price for October 2018 was up 3.5 % on a year-over-year basis to $807,340.

Price growth continued to be driven be the condominium apartment and higher density low-rise market segments.

CITY OF OAKVILLE

There were 14,431 new Listings entered into TREB's MLS® System in October 2018

This was down by 2.7 % compared to October 2017.

The fact that sales were up and new listings were down year-over-year in October suggests that market conditions became tighter.

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