LACKIE: Housing market shows little indication of cooling anytime soon

 LACKIE: Housing market shows little indication of cooling anytime soon

Date showed second-strongest October on record

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Another month down, more of the same.

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Or rather, more of the same elements continuing to drive an already challenging marketplace into the tightest market in decades, and one that shows little indication of cooling anytime soon.

October 2021 market data, released last week by Toronto Regional Real Estate Board, revealed last month to be the second-strongest October on record.

With an average sale price of $1,155,345, up nearly 20% from October of last year, only 11,740 new listings came to market, down 34.1% year-over-year.

So, to break that…

Read full article…torontosun.com