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November 2018 Resale Statistics Released

The Toronto Real Estate Board reported 6,251 residential transactions in November 2018. This result was down by 14.7% compared to November 2017. The average selling price was up by 3.5% year-over-year to $788,345.

Toronto condo market

New listings were actually down 26.1%, more than sales on a year-over-year basis in November. This suggests that in many neighborhoods, competition between buyers has increased. Relatively tight market conditions over the past few months has provided the foundation for renewed price growth.

On a preliminary seasonally adjusted basis, sales were down by 3.4 % compared to October 2018. The average selling price after preliminary seasonal adjustment was down by 0.8% compared to October 2018.

Click here to see Full Report [pdf]

Historic Annual Sales and Average Price [pdf]

If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at casey@remaxhallmark.com

Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

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