|
Toronto Real Estate Board November MLS sale statistics:
- GTA single family home sales including condominiums 5875.
- Volume - up 40.1%, compared to November 2023 - 4194 sales.
- Volume - down 11.8% compared to October 2024 - 6658 sales.
- Average price of a GTA single family home - $1,120,300.
- Down 0.05% from 2023's average price of - $1,126,266.
(The GTA is Burlington to Clarington, Lake Ontario to Lake Scugog)
“Market conditions have tightened, particularly for single-family homes. The detached market segment experienced average annual price growth above the rate of inflation, particularly in the City of Toronto. In contrast, the condominium apartment segment continued to experience lower average selling prices compared to a year ago. Condo buyers are benefitting from a lot of choice and therefore negotiating power. This will attract renter households into homeownership as borrowing costs trend lower in the months ahead,” said TRREB Chief Market Analyst Jason Mercer.
We track MLS sales daily.
- November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
- November 2024 15-50% of central district properties sold for over asking price daily. (Based on district.)
(Central districts cover the Lake to York Mills, and the Humber River to Victoria Park.)
The November residential resale market was softer, and mixed.
- Some properties remain unsold after months or even more than a year.
- Some under priced or reasonably priced homes sold in "bidding wars".
- The rental market remains soft.
- The GTA is experiencing growing interest from American buyers.
October Average Prices:
| Detached 416 : $1,695,939 |
Detached 905: $1,369,132 |
| Semi-detached 416 : $1,248,930 |
Semi-Detachec 905: $956,789 |
| Townhouse 416 : $904,335 |
Townhouse 905: $889,199 |
| Condo 416: $713,364 |
Condo 905: $637,390 |
|
|
|
|
|
1988
|
$229,635
|
2006
|
$351,941
|
|
1989
|
$273,688
|
2007
|
$376,236
|
|
1990
|
$255,020
|
2008
|
$379,347
|
|
1991
|
$234,313
|
2009
|
$395,460
|
|
1992
|
$214,971
|
2010
|
$431,276
|
|
1993
|
$206,490
|
2011
|
$465,014
|
|
1994
|
$208,921
|
2012
|
$497,130
|
|
1995
|
$203,028
|
2013
|
$522,958
|
|
1996
|
$198,150
|
2014
|
$566,624
|
|
1997
|
$211,307
|
2015
|
$622,120
|
|
1998
|
$216,815
|
2016
|
$729,837
|
|
1999
|
$228,372
|
2017
|
$822,572
|
|
2000
|
$243,255
|
2018
|
$787,865
|
|
2001
|
$251,508
|
2019
|
$819,279
|
|
2002
|
$275,231
|
2020
|
$929,636
|
|
2003
|
$293,067
|
2021
|
$1,095,475
|
|
2004
|
$315,231
|
2022
|
$1,190,749
|
|
2005
|
$335,907
|
2023
|
$1,126,266
|
|
|
