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Toronto and West GTA Real Estate Market Update – November 2021

Dec 9, 2021 | Market News

𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for November 2021 vs. 2020 home sales in Toronto, Mississauga, Oakville, Burlington  ⁣⁣

𝗥𝗲𝗰𝗼𝗿𝗱 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝘀𝗮𝗹𝗲𝘀 𝗮𝗻𝗱 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝗽𝗿𝗶𝗰𝗲𝘀 𝗿𝗲𝗮𝗰𝗵𝗲𝗱 𝗮𝗻 𝗮𝗹𝗹-𝘁𝗶𝗺𝗲 𝗵𝗶𝗴𝗵!⁣

Demand for GTA real estate continues to outpace supply. We are at a critical state in terms of inventory and need more listings to hit the market.

Sellers, take this as an opportune time to list and take advantage of our current market conditions.⁣

All cities in our report continue to go strong. The average price for a detached home in Toronto is now over $1.8m, Mississauga detached just over $1.6m, Oakville at an incredible $2.179m on the average price of a detached, and Burlington at a relative value in comparison at just under $1.5m ⁣

We’re seeing healthy condo market activity with increased pressure here as well due to those being priced out of freehold and opting for a condo product, or for investment.⁣

𝗣𝗥𝗢 𝗧𝗜𝗣: If you’re thinking of buying, the holiday season is an opportune time as you may be up against less competition due to those taking time off to focus on family or to take a vacation. These buyers will resume their search in the new year, therefore take advantage of this window of time. Give us a call -let’s chat about your goals and how we can have a competitive edge for your successful buying journey.⁣

See the full details of the market activity by home type within our update – swipe or click on each image to view.⁣⁣
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Whether you’re considering buying or selling, let’s chat about your goals and how we can help to achieve them. We have a strong pulse on today’s market, proven strategies, and are Certified Negotiation Experts. 𝙒𝙚 𝙖𝙧𝙚 𝙛𝙤𝙘𝙪𝙨𝙚𝙙 𝙤𝙣 𝙮𝙤𝙪𝙧 𝙨𝙪𝙘𝙘𝙚𝙨𝙨!⁣