TRREB’s November Real Estate Data.

Toronto, Dec 6, 2023
By Ivan Kalinin

In the ever-evolving realm of Toronto’s real estate market, staying informed is key to making well-informed decisions. As your dedicated Toronto real estate agent, I’m here to provide you with a detailed market update, shedding light on the recent trends and shifts that define our vibrant housing landscape.

Sales Activity: A Closer Look

Month over Month (MoM): +1.7% Surge Despite the challenges, the Toronto real estate market witnessed a noteworthy 1.7% increase in overall sales from the previous month. This uptick speaks to the adaptability and resilience of our dynamic city.

Year over Year (YoY): -6% Adjustments On a broader scale, there’s a 6% YoY decrease in overall sales. This shift reflects the ongoing adjustments within the market, emphasizing the importance of strategic decision-making.

Diverse Housing Types Tell a Story

Breaking down the numbers across housing types offers a nuanced perspective:

  • Condos: 1,212 units sold, marking a -6% YoY change.
  • Condo Townhouses: 333 units sold, reflecting a -10% YoY change.
  • Semi-Detached: 404 units sold, showing a resilient +5% YoY change.
  • Detached Homes: 1,881 units sold, with a -9% YoY change.

New Listings and Emerging Trends

New Listings Dynamics: A -27% MoM Decline New listings experienced a 27% MoM decrease, indicative of a shifting supply-demand dynamic. However, a notable 16.5% YoY increase in new listings introduces more options for prospective buyers.

Price Dynamics: Unraveling the Figures

Average Prices: The Broader Picture Average prices witnessed a -3.9% MoM change and a -2.2% YoY change, presenting an opportune environment for those looking to enter the market or make strategic moves.

Housing Type Breakdown: A Detailed Insight

  • Condos: Maintaining stability at an average price of $710,501; 0% YoY change.
  • Townhouses: An average price of $778,402, signaling a -3% YoY change.
  • Semi-Detached: A resilient average of $1,060,829, with a +2% YoY change.
  • Detached Homes: Showing promise at an average of $1,403,500, reflecting a +1% YoY change.

Charting Your Course in the Toronto Real Estate Landscape

In the midst of these fluctuations, one thing remains constant – the guidance and support you receive from a seasoned Toronto real estate agent. Whether you’re a first-time homebuyer, seasoned investor, or looking to make a strategic move, having a knowledgeable ally by your side is invaluable.

Strategize with Your Trusted Toronto Real Estate Agent

As your Toronto real estate agent, my commitment is to guide you through these market intricacies. Let’s embark on this journey together, charting a course that aligns with your unique goals.

Contact Me Today for a Personalized Consultation

Reach out today for a personalized consultation. Whether buying, selling, or investing, let’s tailor a strategy that ensures success in Toronto’s ever-evolving real estate landscape. Your goals are my priority, and together, we’ll navigate the path to your real estate aspirations.

INTERESTED IN MAKING A MOVE IN THIS MARKET, BUT NOT SURE HOW TO START? BOOK A FREE CONSULTATION NOW:
Disclaimer: The information provided is based on data available as of [Date]. Market conditions can change, and it’s advisable to consult with your real estate professional for the m

If you like talking real estate half as much as I do and are going to participate in the market in 2022, come chat and have a coffee. And if you are looking for a property as an investment, remember our super-popular private investment tours now booking in early 2022. Click here to book.

Ivan Kalinin is a sales agent at Key Toronto Real Estate Group. Zoocasa Realty Inc. – Brokerage independently owned and operated, He can be reached at 416 858 8085. Not intended to solicit clients already under contract.

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