West End Toronto Real Estate Market Update - September 2019

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There were 7,825 sales reported through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018.

It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales. On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually the same as the August 2019 result. The supply of listings continued to be a concern in September 2019, with new listings down by 1.9 per cent year-over-year to 15,611.

We have experienced multiple months this year wherein the annual rate of sales growth outpaced the annual rate of new listings growth, resulting in the overall number of active listings at month-end being well-below last year’s levels. This speaks to tightening market conditions and an accelerating annual rate of price growth. The annual rate of price growth in September reached the highest point so far in 2019. The MLS® Home Price Index (HPI) Composite Benchmark was up by 5.2 percent on a year-over-year basis in September. The average selling price for all home types combined was up by a similar annual rate of 5.8 per cent to $843,115. On a preliminary seasonally adjusted basis, the September 2019 average selling price was up by 1.2 per cent compared to August 2019.

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Local Business Spotlight: The Little Paper

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Wonder what's going on this week in the city? Want to get some ideas for the kids for the PA Day next Friday? What fall festivals are happening this weekend? The Little Paper is your one-stop online resource for all things family fun. You can even sign up for a weekly newsletter ("Weekend Tip Sheet") to get reminded of all that is going on. We are THRILLED to share our latest business spotlight with you. Vicki is the owner of The Little Paper, a local mama, a city girl, a nature lover and continues to give back so much to the west end she calls home. Thanks for sharing Vicki!

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