The weather may be getting cooler, but the Toronto housing market continued its hot streak in October with another record breaking month. Competition between buyers, particularly of single family homes, remained strong and continued to support double-digit annual growth in many neighbourhoods.
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According to the latest TRREB report, a total of 10,563 homes were sold in October, which is a record level for the month and up by 25.1% from the 8,445 transactions made in October 2019.
TRREB also reported that the average selling price for a home in the city climbed to $1,025,925. Semi-detached Toronto homes averaged $1,154,087, and detached Toronto homes are 11.2% higher than this time…