Hi ,

The Toronto Region Real Estate Board has released the latest numbers for October. I have created a few charts to add perspective. We have seen a decline in sales volume over the past few months due to economic factors like interest rates and consumer confidence.

What remains to be seen is how the balance of the fall market will perform. There are a fairly large number of properties on the market giving opportunity to buyers with the ability to buy. There are a growing but relatively small number of distressed properties hitting the market from sellers forced to sell due to financial reasons.

As usual please call me with questions.

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Steve