TREB and StatsCan data releases
October 8 2017 Posted by Gurpartap (Gary) Bhutta
The Toronto Real Estate Board released housing data from September 2017 for the GTA. According to their release, looking at year-over-year trends, sales in the GTA decreased by 35 per cent, new listings increased by 9.4 per cent and average selling price increased by 2.6 per cent. The board also reported that detached home sales made up a smaller share of transactions last month. While prices are still on the rise, the rate of increase is slowing notably for all home types except for condos. Both the average and benchmark sale prices for condos increased by over 20 per cent compared to September 2016.
StatsCan also released labour force figures from September 2017. Some interesting labour trends emerged, including an increase in employment rates among Canadians aged 55 and over.