By the Numbers 

The Toronto Real Estate Boards statistic year over year for the month of November. 

7,090

TREB Sales 

November  2019

6,206

TREB Sales 

November 2018

$843,637

TREB Average Price  Nov. 2019

$787,349

TREB Average Price Nov. 2018

November Numbers 2019

  • Number of Sales 2019
    7,090 | +14.2%
  • Number of Sales 2018
    6,206
  • Number of New Listing 2019
    8,650 | -17.9%
  • Number of New Listings 2018
    10,538
  • Number of Active Listing 2019
    11,958 | -27.2%
  • Number of Active Listings 2018
    16,420
  • Average Price 2019
    $843,637 | +7.1%
  • Average Price 2018
    $787,349
  • Average Days on the Market (DOM) 2019
    23 Days | -11.1%
  • Average Days on the Market (DOM) 2018
    27 Days

TREB Market Summary

TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 percent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground-oriented home types, including detached houses, led the way. 

New listings entered into TREB’s MLS® System in November and the active listings count at the end of the month went in the opposite direction compared to last year, with new listings down 17.9 percent year-over-year and active listings down 27.2 percent. 

“An increasing number of home buyers impacted by demand-side policies over the past three years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test, have moved back into the market for ownership housing. Based on affordability and stricter mortgage qualification standards, many buyers may have likely adjusted their preferences, changing the type and/or location of home they ultimately chose to purchase,” said Mr. Collins. 

As market conditions continued to tighten in November 2019, with increased sales up against an increasingly constrained supply of listings, the annual rate of price growth continued to accelerate. The MLS® Home Price Index Composite Benchmark increased by 6.8 percent year-over-year. The average selling price increased by 7.1 percent year-over-year to $843,637. Both the MLS® HPI and the average selling price for the TREB market area as a whole experienced the strongest annual rates of price growth for the year in November.

“Strong population growth in the GTA coupled with declining negotiated mortgage rates resulted in sales accounting for a greater share of listings in November and throughout the second half of 2019. Increased competition between buyers has resulted in an acceleration in price growth. Expect the rate of price growth to increase further if we see no relief on the listings supply front,” said Jason Mercer, TREB’s Chief Market Analyst

Breaking Down The Numbers

Sales Numbers, Average Price & Percentage Changes over the same time last year.

Detached

3,263 | +23.8%

$1,044,138 | +3.5%

Townhouse

1,173 | +19.2%

$666,744| +3.0%

Semi-Detached

669 | +8.8%

$837,573 | +5.7%

Condo Apt.

1,902 | +1.0%

$617,658 | +11.1%

Detached in November 2019

Detached sales and average price stats for the 416 & 905 area codes 

Sales 416

788 |+12.7% 

Avg. 416

$1,360,246 | +4.9%

Sales 905

2,475 | +27.8%

Avg. 905

$943,494 | +4.3%

Semi-Detached November 2019

Semi-Detached sales and average price stats for the 416 & 905 area codes. 

Sales (416)

247 |+19.3% 

Avg Price (416)

$1,067,027 | +0.3%

Sales (905)

422 | +3.4%

Avg Price (905)

$703,272 | +7.3%

Townhouses November 2019

Townhouse sales and average price stats for the 416 & 905 area codes. 

Sales (416)

295 |+11.8% 

Avg Price (416)

$763,298 | +3.2%

Sales (905)

879 | +21.9%

Avg Price (905)

$634,450 | +3.4%

Condos 

November 2019

Condo sales and average price stats for the 416 & 905 area codes

Sales (416)

1,368 |+0.4% 

Avg Price (416)

$659,855 | +10.9%

Sales (905)

534 | +2.5%

Avg Price (905)

$506,559 | +12.2%

Economic Indicators

  • Real GDP Growth | Q2 - 2019
    Up | 3.7%
  • Toronto Employment Growth | October 2019
    Up | 5.6%
  • Inflation Rate (Yr/Yr CPI Growth) | September 2019
    Unchanged | 1.9%
  • Toronto Unemployment Rate | September 2019
    Down | 5.8%
  • Bank of Canada Overnight Rate | November 2019
    Unchanged | 1.75%
  • Prime Rate | September 2019
    Unchanged | 3.95%
  • Mortgage Rates Oct 2019 (1yr/3Yr|5Yr)
    3.64%|3.94%|5.19%
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