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Toronto Real Estate Tips and Advice

November Real Estate Sales Report

November Sales Report For The GTA.

Another record breaking month and year.

Toronto.  You’ve done it again.  Sales of home int eh GTA were up 14% over 2014 with 7345 homes sales recorded for the month of November.  This is the best sales on record for the month of November and December shows little signs of letting up – in the mid-town neighbourhood for sure.

“Not only did we see a record sales result for November, but with one month left to go in 2015, we have already set a new calendar year record for home sales in the TREB market area, eclipsing the previous record set in 2007. Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding regions. This suggests that the demand for ownership housing is widespread, from first-time buyers to long-time homeowners across the GTA,” said Mark McLean, President of TREB (Toronto Real Estate Board)

Price continue to climb as well up 10.3% over last November with he average selling price topping an annual rate of 9.6% to $632,685 on average. Again the largest increase continue to be in single family homes, detached and semi-detached, including townhouses.

Demand continue to be high.  Many neighbourhoods are showing upward pressure on home prices – well above the rates of inflation.  See the charts below for your area information.

 

Type of Home 416 Sales Nov. %Price Change 905 Sales Nov. %Price Change
Detached ✚0.7% ⬆︎8.8 ✚18.5% ⬆︎13.5
Semi-detached ✚14.2% ⬆︎12.4 ✚21% ⬆︎12.5
Townhouse ✚11.2% ⬆︎9.1 ✚15.8% ⬆︎12
Condo ✚13.3% ⬆︎5.4 ✚22.7% ⬆︎1.5

 

If you’d like to know about prices in your area, feel free to drop me an email and I can send you more information on your specific area. And remember I am never to busy for your referrals.

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