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.
I’m a freelance writer exploring motivation, traditional wisdom, peak personal effectiveness, and community building.
Subscribe to my newsletter for updates and new articles using the link below.
Subscribe to my newsletter for updates and new articles using the link below.
Latest posts by Adam Ainsworth (see all)