495 detached homes and 88 condos exchanged hands in October 2011, for a total of 583 transactions.

Balanced

Active detached home listings end of period were up 6.2%. Active condo listings end of period were up 15.6%.

Total Residential (Detached & Condo)

$234,219 up 1% ($231,989)

All detached homes in LSTAR’s jurisdiction

$246,129 up 1.8% ($241,676)

All condos in LSTAR’S jurisdiction

$167,223 down 7.6% ($180,929)

All two-storeys in LSTAR’s jurisdiction

$315,389 down 6.2% ($323,693)

All bungalows in LSTAR’s jurisdiction

$184,648 up 1.6% ($181,777)

All ranches in LSTAR’S jurisdiction

$299,975 up 6% ($282,799)

All townhouse condos in LSTAR’s jurisdiction

$157,208 up 3.4 % ($152,039)

Two-storeys, then bungalows, then ranches, and then townhouse condos.

Homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centres. According to the Canadian Real Estate Association’s Major Market MLS® Statistical Survey for September 2011, the average price year-to-date for:

"What these stats tell us is that the market is both a balanced one – good for Buyers and Sellers," Lane explains, "and one that offers buyers a great deal of choice, both in terms of price and style of home. Given interest rates that continue historically low and our area’s great affordability compared to other centres, it’s a good time for renters to consider a move into homeownership."