Your Weekly Toronto Real Estate Snapshot, Powered By Zoocasa (Nov. 7 – Nov. 13)

toronto home

Sales continue to slow into November, with fewer homes exchanging hands over the period between the 7th and the 13th of the month across all home types. The longer-term picture is more of a mixed bag, though, as demand rallied for certain segments and plunged for others. Detached houses for sale, for example, improved 7 per cent month over month, though posting a flat 1-per-cent uptick from 2017. Townhouses, which can see greater volatility due to overall lower inventory, had the strongest week, up 13 per cent on both a monthly and yearly basis.

Sales fell by double digits for both semi-detached homes and condos in Toronto, however, plunging -13 and -16 per cent month over month, and -29 and -31 per cent year over year, respectively. A slowdown in sales is typical at this time of year—expect the trend to continue as the weather chills and the holiday season grows closer.

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