Greater Toronto REALTORS® reported 3,350 sales through the TorontoMLS system during the first 14
days of November 2014. Year over year this represented an increase of
8.3 % and new new listings were also up by 2.2 %.
Home ownership remains affordable and that buyers remain confident in ownership housing as a
quality long-term investment.
The average selling price for sales during the first two weeks of November was up by 7.6% at $579,834,
compared to the average of $538,755 for same period in 2013. The detached market segment led the way in terms of year-over-year price growth, both in the City of Toronto and surrounding regions.
It is still a seller’s market as indicated during the first 14 days of November. In many neighbourhoods across the GTA. The law of supply and demand is pushing the sales of singles, semis and townhouses. This is why, more often than not, annual average rates of price growth for these home types have been in the high single digits or low double digits this year.