High Borrowing Costs and Uncertainty Continue to Weigh Down Sales Despite Greater Selection.
- When compared to last year, GTA home sales in November 2023 decreased by 6 percent, while the average selling price remained flat at $1,082,179.
- The number of new listings were up by 16.5 percent compared to 2022, creating more choice in the market for buyers.
- As mortgage rates are anticipated to trend lower next year, we can expect home sales to pick up quickly and see a renewed growth in prices.
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November 2023 vs. November 2022
November 2023 vs. October 2023
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