Toronto and GTA Average Sale Price – November 2016 Real Estate News

Harvey Kalles November 2016 Newsletter

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NOVEMBER 2016 REAL ESTATE MARKET NEWS

This market doesn’t seem to be affected by the new Mortgage Rules that were put into effect last month. Condo Apartments, being the most affordable home type in the GTA and City of Toronto is most in demand. Prices were up by almost 13%.

High Home Prices and Low Inventory

Even with these new Mortgage Rules in place, the Real Estate Market in Toronto and GTA, is still experiencing a year long problem of over abundant Buyers in the marketplace and insufficient inventory

October 2016 The Average Sale Price of Homes in the City of Toronto:

         Detached                   $1,303,339   Days on Market 12
       Semi-Detached         $   902,137   Days on Market 11
       Condos                       $ 459,199    Days on Market 22

Real Estate Market Stats October 2016

For more Detailed Information, Read Harvey Kalles Monthly Real Estate News for November 2016 below:

Harvey-Kalles-Real-Estate-Market-Commentary

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