Buying Activity Increases Across the GTA as Purchasing Power Improves

Home sales across the Greater Toronto Area (GTA) continued to rise in November, reflecting greater demand, particularly for detached properties. A total of 5,875 homes were put under contract, marking a 38 per cent year-over-year increase and building on October’s 43 per cent annual growth. Aggregate sale prices in the region climbed by 2 per cent year-over-year to an average of $1,106,050, fueled largely by heightened demand for larger properties.

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