Showstopping Custom Built Modern Beach House.
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Showstopping Custom Built Modern Beach House.

Unbeatable Bay Ridges Neighbourhood located in Pickering's hottest waterfront community just east of Toronto.

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By The Numbers 

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

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8,766

TREB Sales 

November  2020

7,054

TREB Sales 

November 2019

$955,615

TREB Average November 2020

$843,307

TREB Average Price November 2019

November Numbers 2020

  • Number of Sales 2020
    8,766 | +24.3%
  • Number of Sales 2019
    7,054
  • Number of New Listing 2020
    11,545 | +33.5%
  • Number of New Listings 2019
    8,651
  • Number of Active Listing 2020
    13,798 | +15.4%
  • Number of Active Listings 2019
    11,958
  • Average Price 2020
    $955,615 | +13.3%
  • Average Price 2019
    $843,307
  • Average Days on the Market (DOM) 2020
    19 Days | -20.8%
  • Average Days on the Market (DOM) 2019
    24 Days

TREB Market Summary

The record pace of home sales in the fall continued with 8,766 sales reported in November by Greater Toronto Area REALTORS® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. This result was up by 24.3 percent compared to November of last year.

Generally speaking, year-over-year growth in sales was stronger for single-family homes in the GTA regions surrounding the City of Toronto, but annual single-family growth rates remained robust in the ‘416’ area code as well. “Home buyers continued to take advantage of very low borrowing costs in November, especially those looking to buy some form of single-family home. Competition between buyers for ground-oriented homes has been extremely strong in many neighbourhoods throughout the GTA, which has continued to support double-digit annual rates of price growth,” said Lisa Patel, TRREB President.

The MLS® HPI Composite Benchmark was up by 10.6 percent in November 2020 compared to November 2019. The average selling price for all home types combined was up by 13.3 percent to $955,615.

Market conditions tightened in many single-family market segments in November, resulting in double-digit year-over-year increases in average selling prices for detached houses, semi-detached houses, and townhouses.

In contrast to the single-family market segments, buyers continued to benefit from much more choice in the condominium apartment market compared to last year, particularly in the City of Toronto. The number of new condominium apartment listings in November was almost double that reported in November of last year. More options in the condo apartment market translated into a small year-over-year decline in the average condominium apartment selling price in the ‘416’ area code.

“The condominium apartment market is certainly more balanced than in previous years, with some buyers benefitting from lower selling prices compared to last year. However, this may be somewhat of a short-term phenomenon. Once we move into the post-COVID period, we will start to see a resumption of population growth, both from immigration and a return of non-permanent residents. This will lead to an increase in demand for condominium apartments in the ownership and rental markets,” said Jason Mercer, TRREB Chief Market Analyst.

Breaking Down The Numbers

Sales Numbers, average price  percentage changes over the same time last year.

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Detached

$1,202,281 | +15.2%

4,222 | +30.2%

Townhouse

$750,939 | +12.6%

1,527 | +30.7%

Semi Det. 

$946,735 | +12.9%

888 | +33.9%

Condo Apt.

$605,863 | -2.0%

2,032 | +7.1%

Number of Sales

Year-Over-Year Percent Change

  • 416 - Detached
    933 | +19.3%
  • 905 - Detached
    3,289 | +33.6%
  • 416 - Semi Detached
    336 | +36.0%
  • 905 - Semi Detached
    552 | +32.7%
  • 416 - Townhouse
    362 | +24.0%
  • 905 - Townhouse
    1,165 | +33.0%
  • 416 - Condos
    1,375 | +0.8%
  • 905 - Condos
    657 | +23.3%

Average Price

Year-Over-Year Percent Change

  • 416 - Detached
    $1,477,286 | +8.7%
  • 905 - Detached
    $1,124,286 | +19.2%
  • 416 - Semi Detached
    $1,160,911 | +8.8%,
  • 905 - Semi Detached
    $816,367 | +16.0%
  • 416 - Townhouse
    $819,752 | +7.3%
  • 905 - Townhouse
    $729,557 | +14.9%
  • 416 - Condo
    $640,208| -3.0%
  • 905 - Condo
    $533,984 | +4.8%

Economic Indicators

  • Real GDP Growth | Q3 - 2020
    Up | +40.6%
  • Toronto Employment Growth | October 2020
    Down | -3.5%
  • Inflation Rate (Yr/Yr CPI Growth) | October 2020
    Up | 0.7%
  • Toronto Unemployment Rate | October 2020
    Down | 11.5%
  • Bank of Canada Overnight Rate | November 2020
    Unchanged | 0.25%
  • Prime Rate | November 2020
    Unchanged | 2.45%
  • Mortgage Rates November 2020 (1yr/3Yr|5Yr)
    3.09% | 3.59% | 4.79%
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