October Market Report

October Market Report

  • Larose Team
  • 10/24/18


Options Mississauga is a federally registered charity operating a social enterprise in the form of a retail printing and office services store in Port Credit. They support intellectually disabled adults in an inclusive community setting as they acquire the job skills they need to obtain employment.

This unique arrangement allows trainees to become familiar with business etiquette, serving customers and working with staff on a variety of jobs they do. The ultimate goal is to provide the tools: hard skills, familiarity with business operation and, perhaps most importantly, the confidence they need to become vocationally involved, where few other options exist.

Options Mississauga has been in business for 25 years and has consistently provided quality printing products at competitive prices. They also provide the kind of individual customer service that is rare in today’s retail environment. But best of all, by using them for your printing needs you are not only get the printing products you want, but every dollar you spend directly supports their mission.

Options has currently undergone a transition now offering a new intensive employment training program and more importantly, employment to their trainees.

Check out Options at 113 Lakeshore Rd. West, Mississauga next to Starbucks -  www.OptionsMississauga.com

October 3, 2018 -- Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB's MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS® HPI composite benchmark price was up by two per cent year-over-year.

New listings entered into TREB's MLS® System in September 2018 amounted to 15,920 – down by 3.1 per cent compared to September 2017. With sales up year-over-year and new listings down, market conditions became tighter. Many buyers may have found it more difficult to find a home meeting their needs.

"It is healthy to see sales and prices in many areas across the Greater Toronto Area up a bit, compared to last year's lows. At the same, however, it is important to remember that TREB's market area is made up of over 500 communities. Market conditions have obviously unfolded differently across these communities. This is why it's important to work with a REALTOR® who is familiar with local market conditions in your areas of interest," said Mr. Bhaura.

"While higher borrowing costs and tougher mortgage qualification rules have kept sales levels off the record pace set in 2016, many households remain positive about home ownership as a quality long-term investment. As the GTA population continues to grow, the real challenge in the housing market will be supply rather than demand. The Toronto Real Estate Board is especially concerned with issues affecting housing supply as we move towards municipal elections across the region," added Mr. Bhaura.

On a monthly basis, after preliminary seasonal adjustment, sales edged up by 0.2 per cent in September 2018 compared to August 2018. The average selling price, after preliminary seasonal adjustment, edged lower by 0.5 per cent month-over-month.

"Generally speaking, annual rates of price growth have been stronger for higher density home types in 2018, including condominium apartments, townhouses and semi-detached houses. In many neighbourhoods, these home types provide more affordable home ownership options. This is why a policy focus on increasing mid-density housing options throughout the GTA is important," said Jason Mercer, TREB's Director of Market Analysis.

Source: Toronto Real Estate Board


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