In October, home sales across the Greater Toronto Area surged across all asset classes, reflecting a growing shift in the market. A total of 6,658 properties went under contract, marking a 33 per cent increase from the previous month and a 43 per cent year-over-year rise. Home prices experienced a modest uptick of 2.5 per cent from September, with the average sale price reaching $1,135,215. Active listings in the region saw a slight 4 per cent decline to 24,481, with 15,328 new properties coming to market.
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