Hey Everyone,
Welcome to Week 14 of our weekly market update! We’re excited to share some interesting highlights with you.
Community Triumphs
Over the weekend, we hosted a fantastic Food Drive and Pumpkin Giveaway. Thanks to your support from our amazing community, we raised an incredible 925 lbs. in food for the Don Mills Community Share Food Bank. Families also had a blast picking pumpkins and enjoying treats. A huge shoutout to everyone who joined us, it was a great day!
Market Insights
Now, let’s dive into the numbers. We’re observing intriguing shifts in the market. The Bank of Canada’s decision on October 25th will be a crucial factor. Currently, active listings are rising while firm sales are seeing a slight dip.
Investor Activity
Fascinatingly, over 70% of property owners in the downtown core are either vacant or tenanted, indicating significant investor activity. This reflects a mix of investors adjusting to market changes and tenants seeking new rental options.
Final Thoughts
While we keep an eye on the Bank of Canada’s next move, it’s important to stay informed and make decisions that align with your long-term goals. For more in-depth insights, don’t forget to subscribe and stay ahead of the curve!
Thank you for being part of our vibrant community. Your support during the food drive, it meant the world to us. Looking forward to sharing more updates soon!
Warm regards,
WB- Week Before
Downtown & Surrounding areas
Housing Average Price-$ 1,525,864 WB – 1,605,548
Active Listings – 772 WB-689
Sold firm –36 WB- 61
Month on inventory – 3.35 WB- 3
Average Days on Market-12 WB-9
Condo Ave Price-$785,235 WB- $821,022
Active listings-2,781 WB- 2,664
Sold firm-49 WB –78
Months of Inventory- 5.27 WB – 5.05
Average days on market-24 WB-22
Don Mills Area-
Housing Average Price- $1,643,333 WB – 1,451,667
Active Listings – 72 WB- 70
Sold firm – 3 WB – 3
Month of Inventory – 3.75 WB- 3.65
Average Days on Market- 30 WB- 38
Condo Ave Price- $620,000 WB – $655,500
Active listings- 95 WB – 97
Sold firm- 5 WB – 4
Months of Inventory – 3.62 WB- 3.69
Average days on market- 24 WB – 35
Leaside, Davisville, Mount Pleasant, Young & Eg
Housing Average Price- $4,876,000 WB – $2,084,242
Active Listings – 163 WB-150
Sold firm – 5 WB- 9
Months of Inventory- 3.32 WB- 3.05
Average Days on Market- 19 WB – 14
Condo Ave Price- $799,157 WB- $814,778
Active listings-332 WB-326
Sold firm-7 WB-9
Month of Inventory- 4.30 WB- 4.22
Average days on market- 20 WB – 24
Durham ( Pickering, Ajax, Whitby)
Housing Average Price- $987,735 WB – $1,024,898
Active Listings – 1.657 WB- 1566
Sold firm – 85 WB – 88
Month of Inventory – 2.63 WB- 2.49
Average Days on Market- 16 WB- 16
Condo Ave Price- $571,308 WB – $663,944
Active listings- 276 WB – 276
Sold firm- 13 WB – 9
Months of Inventory – 2.56 WB- 2.56
Average days on market- 44 WB – 34
