Inventory dipped month-over-month to 21,818 units, a seasonal trend typical of the winter months. However, year-over-year inventory levels were up 30 per cent, offering buyers significantly more choice compared to the same period last year.
Home sales across the Greater Toronto Area (GTA) continued to rise in November, reflecting greater demand, particularly for detached properties. A total of 5,875 homes were put under contract, marking a 38 per cent year-over-year increase and building on October’s 43 per cent annual growth. Aggregate sale prices in the region climbed by 2 per cent year-over-year to an average of $1,106,050, fueled largely by heightened demand for larger properties.
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