WILD: GTA home sales near record levels in October

October saw the second-highest level of home sales on record in the Toronto and GTA real estate markets, down 6.9% from last year’s all-time October record of 10,503 sales. “The tight market conditions across all market segments and areas of the GTA is testament to the broadening scope of economic recovery in the region and household confidence that this recovery will continue, “said TRREB Chief Market Analyst Jason Mercer. Article content “A key part of future economic development in the GTA will be the ability to provide adequate ownership and rental housing supply so that people can continue to move to the region to live, work and spend money in the local economy.” It’s clear the solution to bringing the real estate market into a more balanced state lies in the commitment of all levels of government to work together to create a long-term plan for sustained, affordable lodging.

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