September 2019 Market Watch

Posted Oct 3rd, 2019 in General, Real Estate, Team Zold Extras

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October 3, 2019 -- Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,825 sales 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 per cent 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.

King City September 2026 Market Update

Oct 19th, 2026

King is a 20-sale market, and in a market this size the average price tells you which homes sold, not what homes are worth. September's average was $1,875,750, up 6.2% from last September. The median was $1,710,000, up 4.0%. The detached median, which is 16 of the 20 sales, was up 0.3%. Flat is the plainer read on prices.

Stouffville September 2026 Market Update

Oct 18th, 2026

. The average fell 8.7% to $1,139,770 and the median fell 8.3% to $1,050,000, both moving together, so this isn't a mix story. Detached, which is 63% of what sells here, repriced 8% on the average and almost 10% on the median across 26 sales. The homes that did sell went quickly, 35 days against 44 in August, and semis and townhouses closed above asking. Fewer buyers, but the ones who showed up were decisive. The GTA-wide picture is in our September 2026 Market Watch post.