GTA Real Estate Market Watch - November 2019.
Published December 5th, 2019
Here's what happened in the GTA Real Estate Market last month November 2019
Price comparison to November 2018 (last year)
- Detached properties increased by 3.5%
- Semi-Detached properties increased by 5.7%
- Townhome properties increased by 3.0%
- Condo Apartments increased by 11.1%
I had predicted that there would be steady growth in the October market while that remained true year-over-year, month-over-month semi’s & towns continued to grow steadily however detached & towns remained relatively the same.
In comparison to October 2019, the average price resulted as such:
- Detached properties remained relatively the same, but dropped by 0.5%
- Semi-Detached properties had a drop of 1.8%
- Townhome properties dropped by 1.5%
- Condo Apartments had no change and remained neutral
As we are now in December, the prices should continue to dip into a BUYER’S MARKET for the winter months. If you were waiting to jump into the market to get a deal for personal use or investment resale – get your financing in order ASAP to jump on great deals! Beat out the high Spring Market prices NOW!
Please note that these are overall GTA stats & trends, which do apply to the regions of York, Durham, Peel & Toronto - however, if you'd like specific information regarding a particular region or city, please let me know and I can provide more precise statistics and information.
December's Market Watch to be released in early January 2020 - catch you then!
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