Prices for three leading real estate categories fell in October compared to September, according to data released this week by the Canadian Real Estate Association (CREA).
Average single-family homes in Ontario fell from $995,500 to $981,700, condos dropped from $655,100 to $644,100 and townhouses went from from $737,200 down to $724,700.
Compared to October 2022, the picture is more mixed: single-family homes and townhouses are up about one per cent, using seasonally adjusted data, while condos fell about one per cent.
“We’re only in November, but it appears many would-be home buyers have already gone into hibernation,” CREA chair Larry Cerqua said in a release. "The October numbers also revealed some sellers may be shelving their plans until next spring."
Nationally, the number of newly listed properties declined 2.3 per cent month-over-month — the first fall since March — and sales volumes fell 5.6 per cent.
Locally, in the Barrie district, which includes Barrie and Innisfil, single-family home prices rose 2.4 per cent since October of last year, while condo prices fell by the same amount.
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