Your September 2018 Market Report

By: Corrie Harding Keizs

Your September 2018 Market Report

Tags: NORTH GROUP REAL ESTATE, TORONTO REAL ESTATE, ETOBICOKE, PORT CREDIT, PORT CREDIT LIFESTYLE, REALTOR, REAL ESTATE, MARKET REPORT

The numbers are out and our September 2018 Market Update is here! Continue reading below to find out how the market looks now as compared to a year ago in Toronto, Mississauga, and Brampton!

In Toronto, the average price in September 2018 moved up slightly year over year by 2.8% to $796,786. Condo apartments saw the biggest price gains with an average price of $615,582 - up 11.1% compared to September 2017 when the average price of condo apartments was $554,069.

In Mississauga, the average price in September 2018 decreased year over year by 3.6% to $706,873. Like Toronto, condo apartments saw the biggest price gains with an average price of $433,258 - up 10.1% compared to September 2017 when the average price of condo apartments was $393,441.

In Brampton, the average price in September 2018 decreased slightly year over year by 1.8% to $696,956. Condo apartments also saw the biggest price gains with an average price of $368,838 - up 9.7% compared to September 2017 when the average price of a detached homes was $336,091.

“Generally speaking, annual rates of price growth have been stronger for higher density home types in 2018, including condominium apartments, townhouses and semi-detached houses. In many neighbourhoods, these home types provide more affordable home ownership options,” said Jason Mercer, TREB’s Director of Market Analysis.

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