The record-pace of activity in the Greater Toronto Area (GTA) housing market continued in November.
In particular, single-family detached homes in regions surrounding Toronto drove the bulk of the growth last month, while the condo market became more balanced thanks to greater inventory levels and subsequently lower sales prices.
According to the Toronto Regional Real Estate Board’s (TRREB) November housing market report, resale activity in the GTA is showing no signs of slowing down, after having another record-setting month, during which a total of 8,766 sales were made. This constitutes a 24.3% jump from the 7,054 sales recorded in November 2019.
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By Ainsley Smith
From: torontostoreys.com