Anshu Arora LLM, MSc, PMP

Cell 604-828-7331 | yourbcagent@gmail.com

RSS

Toronto home sales up 14.2 per cent in November, prices see highest gains of the year

#Toronto home sales in November rose 14.2 per cent from a year ago while home prices saw their strongest growth for the year.


The Toronto #Real Estate Board says there were 7,090 home sales in the month as sales rose in all major market segments.


The board says strong population growth and declining mortgage rates helped push up sales and #competition between buyers.


Sales rose as listings continued to drop, with new listings down 17.9 per cent year-over-year and active listings down 27.2 per cent. The higher activity mixed with fewer listings put upward pressure on prices. The average selling price for the month was up 7.1 per cent from last year to $843,637, while the board's composite benchmark price increased by 6.8 per cent. Detached home sales rose 23.8 per cent from a year ago and the average price rose 3.5 per cent to $1.04 million. Condo sales were up one per cent from a year ago and the average price rose 11.1 per cent to $617,658.








#toronto

#vancouvercondoking

#deltacondoking

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.