September GTA Home Sales Rise as Rate Cut Boosts Buyer Confidence
Home sales across the GTA picked up in September, rising 8.5% from last year with 5,592 properties sold through the MLS® System. The increase came as buyers took advantage of lower mortgage rates following the Bank of Canada’s September rate cut.
New listings were also up 4% year-over-year to 19,260, but dipped slightly from August, suggesting the market may be tightening in some areas. Lower borrowing costs are helping more buyers find homes that fit their budgets while giving the market a healthy boost.
