House Prices In The GTA Have Officially Broken Another Record & It's Not For Being Cheap

Once again, it's official — buying a home in the GTA is harder than it is to buy one in downtown Toronto.

The Building Industry and Land Development Association (BILD) and Altus Group just put out a new report on new home sales and prices in the GTA for September, and it includes some record-breaking revelations.

The GTA housing market seemed to be popping off this past September with over 3,500 units sold (which is 16% above the 10-year average in the area). Over 1,000 new single-family homes were sold in the GTA (including detached, semi-detached and linked townhouse units), while just under 2,500 condos, stacked townhouses, and lofts were sold.

The report revealed that it was the third-highest number of condo sales in this month since they started tracking real estate trends in 2000.

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