The good news is that with the continued demand from Buyers seeking neighborhoods and communities offering lifestyle choices as well more affordable housing options than available in the Greater Toronto Area, residential sales in the Western Region jumped 33.1 % year over year with 201 sales reported this September compared to 151 sales for the same period last year.

 

 

On a year-to-date basis, home sales in the Western Region numbered 1558, up 10.9 % over September 2018. New listings totaled 332 at the end of September vs 291 in September 2018, boasting a 14.1 % increase year over year. Active listings were up 12.8 % over last September with 802 properties available vs 711 in September 2018. The average sale price for a residential property was $542,488, up 13.7 % year over year. The Sales to New Listings Ratio for September 2019, was 60.5 up from 51.9 last September, indicating a strong Seller’s market but without the frenzy and hype of a few years ago. However with consistently low inventory and ongoing high demand pushing prices up, the ongoing concern for affordability is on everyone’s mind.

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