On this page, you can find VIP Condos Toronto's summary of the Toronto Regional Real Estate Board (TRREB)'s November 2020 real estate market watch, with info on prices & trends in the region's housing market. VIP's report will provide information such as market outlooks & news in November 2020, along with specific info on condo & home prices in the GTA:
Residential Transactions
- 8,766 residential home transactions took place in November 2020, up from 7,054 in November 2019 - an increase of 24.3%.
- When seasonal adjustments are taken into account, there was a 2.1% decline in the number of purchases from October (9,408) to November (9,209).
Average Selling Prices
- The average sale price for November 2020 was $955,615. This is an increase of 13.3% over November 2019, when it was $843,307.
- With seasonal adjustments, prices saw a 0.8% increase from October 2020 (from $953,654 to $961,012).
New Listings
- There were 11,505 listings available for November 2020, which is a 33.5% increase over November 2019 (when there were 8,651).
- The sales-to-listings ratio has decreased by 6% from November 2019, from 82% to 76%.
Days On The Market
- The average property spent 28 days on the market, compared to 35 last year - a decrease of 20%.
- Listings spent an average of 19 days on the market, which is a 20.8% decrease from this month last year (when they spent an average of 24).
- How do I get my down payment?
- Can I use my RRSP for my down payment?
- How can I make the profits from my pre-construction purchases tax-free?
- What incentives are available for first-time buyers?
- What type of home or mortgage can I afford?
- What is a PDI?
- What are the pros & cons of buying or selling an assignment before closing?
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