Toronto Market Stats are in and WOW! We’ve never, in the history of the Toronto Real Estate Board, seen numbers like this!! Read them…but don’t weep!

*Sales up 14% compared to last year! That’s a RECORD amount of sales (7,385) for the month of November everrrrrr!

*We have now outpaced our record breaking year of 2007 by almost 4000 units and we are only 11 months in!

*Average sale price has increased by 65% since 2007 (8% / year….not a bad investment!)

*Average sale prices for November are up almost 10% compared to last year…yikes!

* New Listings are up by 10% BUT TOTAL LISTINGS ARE DOWN BY ALMOST 9%.

Drilling down…the pattern of where the freehold sales are taking place…still 2:1 ratio with 905 outpacing the city again. And NO WONDER! Average price of detached homes in 905 is $762K, while city prices are at $1,018 on average AND no double land transfer tax in 905! That said, tho’ the value is in the burbs…the supply in the city is non-existent so buyers are still willing to compete whenever a detached or semi home comes to market.

Condo sales in the city, however, are up by 13% with an average sale price of $415K, which is “a mere” 5% higher than last year at this time.

So…there you have it! I am guessing December will be VERY (and seasonally) quiet. But could there be some deals out there for buyers while most people’s attention turns toward the holidays? If you’re a bargain hunter…CALL ME! I LOVE to help people get what they want ANY time of the year!

I’d love to hear your thoughts/questions/concerns…so please feel free to comment below. Are you worried about investing in Toronto RE? or what will happen when rates DO go up? Tell me, I’m listening! After all, I am “Your Toronto HOME Advantage”.

My Clients Have the FIRST word and the FINAL say!

“We got it! We got it! The house of our dreams! It’s officially OURS! Thank you Jill! If anyone needs a killer, no BS realtor in Toronto, Jill Lubinski is your woman!”

- Kate Akman

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