TREB reports that the sale in September were up 1.9% compared to last year, however new listings are down 3.1% compared to September 2017. This has resulted in a tighter overall market.
Average selling price is up 0.2% from last year but is down 0.5% compared to last month.
Personally, we have not seen any slow down in pricing and have actually sold properties for record pricing in both multiple condo and freehold property transactions this month.
Strangely, at the time of writing in late October, we are experiencing a bit of a slow down in the leasing side, as we find tentative renters and many staying put given the acceleration of pricing over the last several months.
There has been continued amazing multi unit home offerings this past month. If you are interested in truly:
1) creating wealth
2) creating a passive income (perfect for those with no pension)
3) handing down financial stability to your kids
4) creating an opportunity for your older kids to take on responsibility and learn about real estate
5) provide for an amazing retirement
Call me to find out how multi-units homes can do all of this. You don't need liquid cash as if you have equity in your home this is a great opportunity. Don't let your money stay stagnant, instead, put it to work for you by leveraging it. Financial freedom is closer than you think! I'll show you what I have done for my clients.
Fall Tip: Check out the Forks of the Credit for those beautiful photos and selfies. Enjoy the colours of a Canadian fall season at this wonderful location less than 1 hour from downtown Toronto.