RE:RE:Toronto home sales see 12% monthly jump in Oct. hahahahahahahaha keep on renting bud.. .. make sure you spit on that money before you gozzle it down the toilet .....
#s don't lie... and the fact people aren't buying now with all of what is going on does not equate to a crash or any of that.. ... so HOPE ON... or PRAY ON... cause this bubble ain't popping yet..
The average selling price in October was $780,104, up less than one per cent from September but up 2.3 per cent compared with October 2016. Price growth was driven by appreciation in the townhouse and condo segments.
The average price of a townhouse in the GTA was up 7.4 per cent at $629,507, while the average condo price was $523,041 up 22 per cent year-over-year, the most of any housing type. Meanwhile, the average price of a detached home was down 2.5 per cent year-over-year at $1 million. Prices of semi-detached homes rose 6.3 per cent to $764.293.
Tater78 wrote: Do you know the difference between m/m and y/y stats? Sure, number of sales up 12% from September. But year over year, down 26%. Even down 18% from October of 2015. You have to go back to 2012 to find an October with less sales.
Oh, and YTD down 19% vs 2016 at this point.
It's not great for mortgage lenders to have less homes sold at lower prices. Shrinks the pie for everybody. And poor HCG will be the one losing market share.
Csalgado wrote:
hahahahahaha... keep renting ... keep throwing that money down the drain....or toilet....