There were 9,783 sales recorded for October in the GTA at an average selling price of $1,155,345. Year over year, sales were only slightly down 6.9% from October 2020’s record number for sales, which were up by over 25% from 2019. Month over month, October 2021 sales were up by 8% from September,despite new listings dropping by over 13%. October was the 4th month in a row of declines of 30% or more in new listings being added to the market resulting in a year over year drop of just over 55% in active listings. This squeeze on supply resulted in an average price appreciation of 19.3% compared to October 2020. October also saw price appreciation in double digit territory for condos in the 416, at 10.6% year over year, climbing back from last year’s brief pandemic-induced softening.
