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.
Adam Ainsworth is the Publisher of Don Valley Times and a Real Estate Strategist at House of Worth.
Drawing on 15 years of corporate advertising experience, Adam covers local development, community news, and real estate trends. He helps North York and Stouffville residents understand how local changes impact their property values.
Curious what your home is worth in today's market? Click here for a confidential market analysis.
Drawing on 15 years of corporate advertising experience, Adam covers local development, community news, and real estate trends. He helps North York and Stouffville residents understand how local changes impact their property values.
Curious what your home is worth in today's market? Click here for a confidential market analysis.
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