➕‘the numbers’ for November are in. Sustained growth in key #torontorealestate market indicators vs 2019, continues this month.  Of particular note, new listings were up +86% vs. November 2019, and the year-over-year gain in average price was +8% and sales continue to be up +12%, vs. November 2019

Annual single-family growth rates remained robust in the ‘416’ area code.  Market conditions tightened in many single-family market segments in November, resulting in double-digit year-over-year increases in average selling prices for detached houses, semi-detached houses and townhouses.

The condominium apartment market is certainly more balanced than in previous years, with some buyers benefitting from slightly lower selling prices compared to last year in the '416] area code. However, this may be somewhat of a short-term phenomenon.  Post-COVID period, we expect to see a resumption of population growth, both from immigration and a return of non-permanent residents fuelling demand for condominium apartments in the both ownership and rental markets.

Looking to buy a home in Toronto?  Average prices in November were as follows:

➕Detached  $1,477,226
➕Semi-detached  $1,160,911
➕Townhouse $819,752
➕ Condo $640,208
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Data presented is for Toronto Only.   Source: TRREB.​