Toronto Market Report

Home sales in the Greater Toronto Area (GTA) reached a new record for the month of November. The average selling price also reached a new all-time high at $1,190,300 across all home types. New listings were down substantially compared to last year for all market segments, further highlighting the supply issue being seen all across the GTA.

The average sale price year-over-year saw the biggest increase in detached homes which were up 22.3 percent from last November, with an average sales price of $1,807,983.

GTA Realtors reported 9,017 sales through TREBB in November 2021, which is up 3.3 percent compared to November 2020.

Read more about the Toronto November 2021 Market Report here: …

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Ottawa Market Report

OREB Members sold 1,459 residential properties in November through the Board’s MLS system, compared with 1,605 in November 2020, a decrease of 9 percent. There was also a decrease of 10 percent in the number of properties sold year-over-year.

The residential-property class was up 19 percent from last November, with an average price of $635,975. The average sale price for a bungalow property in November was up 21 percent from last November with an average price of $676,959.

Lack of supply continues to put pressure on prices, with inventory remaining at a one-month supply for residential properties. OREB members assisted clients with renting 4,458 properties since the beginning of the year compared to 3,120 at this time…

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