Holly Garby Penney

MARKET UPDATE FOR THE WEEK ENDING OCTOBER 21ST, 2016

27 October 2016
Holly Garby Penney

Clearly, homeowners aren’t terribly concerned about the market these days. Yes, listings went up last week by 26.5% and while sales remained consistent with the previous week, activity was much stronger as nearly 78% of homes sold at or above the list price. That is the highest level of activity since the Spring market of 2016. Still, the sweet spot for downtown Toronto remains as single-family homes in the $700k-$1.5M range. The notable slow spot last week was the ultra, high-end home ($3+m) that only recorded 8 sales last week compared to 18 the previous week.