Nov 2020
The record pace of home sales in the fall continued with 8,766 sales reported in November through the Toronto Regional Real Estate Board’s MLs System
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.
Competition between buyers for ground-oriented homes has been extremely strong in many neighborhoods throughout the GTA, which has continued to support double-digit annual rates of price growth
In contrast to the single-family market segments, buyers continued to benefit from much more choice in the condominium apartment market compared to last year, particularly in the City of Toronto.
The number of new condominium apartment listings in November was almost double that reported in November of last year.
The condominium apartment market is certainly more balanced than in previous years, with some buyers benefitting from lower selling prices compared to last year
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