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Toronto MLS sales chart shows when the Best Time to buy a home in the GTA is!

Submitted by Jasmina on Sun, 2014-08-31 14:54.

Since paying attention to seasonal trends in the real estate market can give you an advantage, here is a little gift from my collection of historical home sales data on Toronto MLS – a graph based on trends from the past 5 years:

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What do these Seasonal Patterns tell us?

Spring is the most popular season with the most sales occurring from mid-March till mid-June. The second seasonal peak starts mid-September (after the kids are back in school) and usually lasts till mid-November. However, the demand for houses during this time means that sellers are likely to hold strong to their asking prices.

While the number of properties on the market during off-season (Summer & Winter) are fewer, their prices are likely to be lower than during the peak times & you have a good chance of finding a home that you like for less than it would cost you at another time of year.

This Average Home Prices graph with 5-years of home sales on Toronto MLS shows that “Buy Low / Sell High” rule applies in Toronto Real Estate as well:

  • Home sellers have an upper hand in the Spring and Autumn, and
  • it's more likely for Home buyers to get better deals in the Summer & Winter.

We have just few short weeks before house prices start racing up again... To avoid getting depressed this Fall from news like this: “GTA home sales skyrocket 29 per cent in mid-September, Condo sales lead the way with 36 per cent surge in sales: TREB” [Published in Toronto Star on Tue Sep 17 2013], visit our new Self-service Toronto MLS website today!