Record Home Sales in November 2015 in Greater Toronto Area (GTA)

Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 sales through TREB’s MLS® System in November 2015. This result represented a 14.0 per cent increase over the November  2015 result of 6,476.  Sales through the first eleven months of 2015 amounted to 96,401.

Toronto MLS Sale

"Not only did we see a record sales result for November, but with one month left to go in 2015, we have already set a new calendar year record for home sales in the TREB market area, eclipsing the previous record set in 2007. Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding regions. This suggests that the demand for ownership housing is widespread, from first-time buyers to long-time homeowners across the GTA," said Mr. McLean."

"Demand for ownership housing has remained strong in the GTA throughout 2015, with sales generally increasing at a greater annual rate compared to new listings. This means that competition between buyers has strengthened in many neighbourhoods in the City of Toronto and surrounding regions. The end result has been upward pressure on home prices well above the rate of inflation in most cases," said Jason Mercer, TREB's Director of Market Analysis."

Please click on the Chart for more detailed graphs.

Click here for Complete GTA Real Estate Report in November 2015

Click here for Complete Durham Region Real Estate Report in November 2015

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Najib Shams
Sales Representative
CENTURY 21 King's Quay Real Estate Inc. Brokerage
Cell: 416-560-0570
Najib Shams

Najib Shams

Sales Representative
CENTURY 21 King's Quay Real Estate Inc., Brokerage*
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