Hi there it's Annette Gole from Remax Realty Enterprises, here is a quick recap of the market update for November 2021
HOME SALES UP AND HAVE SET A NEW RECORD!
THE AVERAGE SELLING PRICE IS ALSO AT A NEW TIME HIGH
NEW LISTINGS ARE DOWN SUBSTANCIALLY IN COMPARISON TO LAST YEAR, CAUSING SEVERE SUPPLY ISSUES RESULTING IN CONTINUED TIGHT MARKET CONDITIONS
There were 9,017 homes sold through the TRREB MLS system this November 2021. That is 3.3% higher then the same time last year!
SETTING A NEW RECORD!
The average selling price is now $1,163,323 compared to $955,889. last year.
that is a 21.7% increase from last November
With the GTA being the primary destination for Immigration as well as the Center of the Canadian Economy, the Condo Markret continuines to tighten, Sales are up substantially over this time last year with price growth accelerating . Listings are down -30.9% from last Novemeber, while the avearage selling price in the condo market is up by 8.9%
Please let me know if you have any questions, need more info, or if there is anything that I can help you with. To view the full Report go to [ Ссылка ]
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