It seems like November just started and we're already more than half way through!! Time really does fly
As we get closer to the holiday seasons and with so much speculation on where the market is heading, the Toronto Real Estate Board just released mid-month sales results. In summary, compared to last November, sales for the GTA, including Toronto, decreased by 17.5%, while prices across all housing types were up by 1.7%. In Toronto specifically, sales were down 23%, while the average price was slightly down ($524,434 in 2011, compared to $522,852). Sales were down across all housing types in Toronto, while the condo market was the only housing price that saw a dip in the average price of 3.8%.
Check back in for the full month sales results which should be released early December.