GTA Real Estate Market Watch - November 2019

By: Jay Rana

GTA Real Estate Market Watch - November 2019

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toronto real estate, markham real estate, york region real estate, stouffville real estate, home buyer, home seller, first time home buyer, starter home, TREB, century 21, re/max, keller williams, royal lepage, purple bricks, redfin, ibuyer, market watch, realtor, homes4less, sellhomes4less, search realty, jay rana, GetRANA, re4l, Halloween, Vegan Realtor, jayguaranteedsold, VIP Home Buyer Protection Plan, Christmas, november, december, holidays,

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)

Once more Condos DOMINATED November with an 11% appreciation, followed by Semi-Detached with 5.7% increase. The growth of Detached and Townhomes remained similar to last month, increasing year-over-year by 3-3.5% on average in the GTA.

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:


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!

Jay

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Jay Rana
Sales Representative, CENTURY 21 Titans Realty Inc. Brokerage
Real Estate Negotiation Expert, Real Estate Business Institute
www.getrana.com | jay@getrana.com | 647-930-1394 (direct) | 416-820-4504 (secondary)

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