MARCH 2019 MARKET STATS
TREB has released the Housing Stats for March 2019. The Average Sales Price of all transactions was $788,335, with Average Days on the Market 21 Days.
Active Listings were down and had almost two months of Inventory. The Buyers’ Stress Test, continues to impact Buyers’ ability to qualify for a Mortgage which has largest been the impact for volume staying on the Market. Buyers are opting to buy more affordable housing such as Condos and Townhomes, which have both increased in volumes and sales.
The Average Sales Price of Toronto Condo rose to $603,969K, Condo Townhomes were $649,816 and Freehold Townhomes came in at $942,838K
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