CONCLUSION
The Toronto market took a break in August and came back strong in September. The residential resale market bounced back with vigour – the volume of sales was up 11% from last September, driving up the average sale price by 7.7%!
As long as our economic fundamentals remain unchanged for the rest of this year – especially interest rates – September’s market will set the tone for the rest of the year. The only dark cloud on the horizon could be the equity markets, but that’s a different story every day!
