It was the best September on record for Toronto home sales, with 42.3% more sales closing last month than in September 2019.
The Toronto Regional Real Estate Board says 11,083 existing homes were sold in September, at an average price of $960,772.
The board says the 14% year-over-year price jump was led by low-rise housing, while the condo market was slower.
Board president Lisa Patel says extremely low borrowing costs contributed to the record-breaking sales figures, as did built-up demand left over from the stunted spring season.
The real estate market has been playing catch up after sales plunged in the spring, when Covid-19 lockdowns prevented home showings.
As of the end of September, the board says home sales for the year were 1% higher than in the first nine months of 2019.