The Real Estate Market Report for September 2022 is now available! This report covers the latest trends in the real estate market, including housing demand, prices, and sales. Our monthly Real Estate Market Report is a helpful guide if you are considering buying a home, an investment property, or selling your home; it will provide you with the most updated data to help you make an informed decision.
MLS® Residential Housing Market as of September 2022
In September 2022, the housing market in the Greater Toronto Area (GTA) continued to react to increasing borrowing costs. Sales for the month totalled 5,038 but were down 44.1% from September 2021.
New listings were also down by 16.7 percent year-over-year, totalling 11,237. This was the smallest amount of new listings recorded in September since 2002. This is especially troubling given that the GTA’s housing stock has risen significantly over the previous 20 years.
The figure below displays the market update for Brampton, Caledon, Mississauga, Burlington, Milton, Oakville, Toronto, Hamilton, and St. Catharines, along with changes from June of the previous year.
*Disclaimer: These numbers are for September 2022 and are based on what is currently listed on the MLS®.