This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies. More information

Real Estate Facts and Comments
Toronto Real Estate Market report by Jason Mercer
Monday, 12 December 2016, 10:40:00 PM

In the video published on December 10th, 2016, Toronto Real Estate Board Senior Manager, Jason Mercer, discusses real estate sales in the Greater Toronto Area in November. By the end of November MLS sales were already higher than in all of 2015.

While lower than in the summer - in part due to the low listing inventories - November sales were still stronger than in the same period of 2015. 8,547 properties of all types were reported sold on the MLS system in November, 1,210 (or 16.5%) more than last year. The strongest increase in sales was for townhouses and condominium apartments.

Many prospective buyers were unsuccessful in their search for property and frustrated with a lack of listings. The competition for existing listings caused multiple bids on offer dates, and contributed to a substantial price increase. The MLS home price index composite benchmark rose by 20.3% over the level in November 2015. The average selling price was $776,684, an increase of 22.7%.

House price growth is a function of supply and demand. Recent policy changes focus on the demand portion of this equation, but more emphasis should be placed on alleviating the low supply, especially in the low rise market segment.

Leave your comment here
Anonymous user
Registered user
Email:  Password:  
Your Comment:  
adminlistingsprivacy policycontactsite map
Forest Hill Real Estate Inc., Brokerage

Home and Loft Ideas  |  Toronto Resources

Marisha Robinsky, REALTOR
1119 O'Connor Drive
Toronto ON M4B 2T5

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals.  Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden.  The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.

 The information contained on this site is based in whole or in part on information provided by members of The Canadian Real Estate Association, who are responsible for its accuracy.  CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
 This website is operated by a brokerage or sales person who is a member of The Canadian Real Estate Association.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules and the REALTOR® Code.  The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

   The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
Canadian Real Estate Association Last Updated: 8/20/2019 11:00:30 AM

Toronto Real Estate Board Last Updated: 8/21/2019 9:11:19 AM
Copyright © 2002-2019. All rights reserved.
Marketing for Real Estate Professionals by Lone Wolf Technologies.
Lone Wolf Technologies