The trend of rising house prices on the one hand and the number of homes for sale on the other in the Toronto market continued in November.
House prices in November this year rose by 4.9 percent, the highest increase this year, according to TREB.
But what has been the rise in prices in each sector? There are fewer homes for sale in the market, but more are being traded. These details are discussed in detail.
A report released today by the Toronto housing consultancy TREB shows housing prices in Toronto in November this year
Compared to the same period last year, it increased by 4.9%. But homes that went on sale during this time fell 3.6 percent from a year earlier.
The average home sales price in Toronto in November reached $ 4.9, which is 3.6 percent more expensive than in November last year.
In total, more than 5,000 homes were traded in Toronto in November, with an increase in housing sales.
As a result, the number of Ditched homes in Toronto rose 7.6 percent in November from a year earlier, and the average price jumped more than $ 1 million, up 3.8 percent.
In the condo market, trades have risen 1 percent, but average prices have jumped 3.9 percent, pushing the average price to $ 1.5.