As 2020 draws to a close, the average selling price for a home was 10.6% more this November than last November. [*] Favorable conditions such as low borrowing rates –and not paying for monthly gym memberships– make it easier for purchasers to buy. Here are some highlights from the November Toronto Market Report:
Generally speaking, year-over-year growth in sales was stronger for single-family homes in the GTA regions surrounding the City of Toronto, but annual single-family growth rates remained robust in the ‘416’ area code as well. “Home buyers continued to take advantage of very low borrowing costs in November, especially those looking to buy some form of single-family home. Competition between buyers for ground-oriented homes has been extremely strong in many neighbourhoods throughout the GTA, which has continued to support double-digit annual rates of price growth,” said Lisa Patel, TRREB President.
The average selling price for all home types combined was up by 13.3 per cent to $955,615.
For the rest of the TREB market report, click HERE.
Toronto Stats this Past week
MLS activity from December 2 to 8 for residential properties:
|↓ For Sale:
|↓ Newly listed:
|↑ For Rent:
Compare the above to the week before from November 25 to December 1st when there were 7,391 for sale, 883 newly listed, 434 sold &12,305 for rent.
Today’s newest listings
TORONTO HOUSES FOR SALE
|Under $950k||$950k to $1.2M||$1.2M to $1.6M|
|$1.6M to $2M||$2M to 3M||Over $3M|
TORONTO CONDOS FOR SALE
|Under $500k||$500k to $600k||$600k to $700k|
|$700k to $800k||$800k to $1M||Over $1M|
|GTA Fixer Uppers||Ontario Foreclosures||Map Search|
(Email or call me directly for specific sold or off-market properties)
If you would like me to look up any other numbers for you, just call or text me 647-804-8601. Let me know how I can help with your (RE)search.