The GTA real estate market is on fire with no sign of seasonal lull. The average sales price was $1 Million, a 14.37% increase for November last year.
Year to date, the average sales price was $955K, an 11.88% increase from the same month last year.
Sold properties are also up over the same period last year by +32.71%.
Since a lot of people can work from home they want more space and no longer need to be close to the office. The desire for a healthier environment is also likely behind the trend.
As we reported last month, and it continued in November more properties sold, at a faster pace, at a higher price.
GTA Real Estate Market Report – November 2020
If you’d like more information on the Toronto real estate market feel free to contact me for a free no-obligation consultation.
