TRREB Reports Strong November Single-Family Home Resales in the GTA
Condo Market More Balanced With More Choice and Lower Selling Prices
TORONTO, ONTARIO, December 3, 2020 – The record pace of home sales in the fall continued with 8,766 sales reported in November by Greater Toronto Area REALTORS® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. This result was up by 24.3 per cent compared to November of last year.

The New Normal: A Strong Housing Market Expected to Continue into 2021

Circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages might have made you assume that the housing market would lose steam, but there is plenty of evidence to the contrary. As Canadian Real Estate Association (CREA) senior economist, Shaun Cathcart noted, “records [are continually] being broken” in the residential property market.¹

The New Normal: A Strong Housing Market Expected to Continue into 2021

Circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages might have made you assume that the housing market would lose steam, but there is plenty of evidence to the contrary. As Canadian Real Estate Association (CREA) senior economist, Shaun Cathcart noted, “records [are continually] being broken” in the residential property market.¹

GTA REALTORS^® Release September Stats

Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS^® System by Greater Toronto Area REALTORS^® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period in 2019.

GTA REALTORS^® Release September Stats

Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS^® System by Greater Toronto Area REALTORS^® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period in 2019.

Good Day Everyone.

I have attached the latest market report from TRREB.  In a nutshell it shows that the amount of transactions for May declined substantially due to COVID  however the selling price has remained strong most likely due to a low amount of inventory on the market.  I would expect June to look similar but we are seeing a definite uptick in new properties coming to market.