MARKET STATS FOR NOVEMBER 2020

Dated: December 31 2020

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MARKET STATS FOR NOVEMBER 2020 

GTA real estate remained remarkably strong in November with 8,766 sales – an increase of 24.3 per cent year over year – and a 13.3 per cent increase in the average selling price – the highest rate of price appreciation for the month since November 2016. Detached homes, once again, lead the market in sales and saw an increase in average price of 15.2 per cent over November 2019. Most popular were detached homes in the 905 area with sales up by over 33 per cent year over year and accounting for 38 per cent of November’s total sales of all property types. The number of condo sales was typical for the month of November and up slightly from this time last year. However, the 416 area saw prices soften slightly, as the number of new condo listings swelled to nearly double that of November last year.

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BINU Rajaratnam

Buying or selling a home is a major decision and understanding the Real Estate market trends can be challenging. I love having the opportunity to provide my buyers and sellers with key market informat....

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