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November end-month data is ready.
A deep dive into the numbers is below in the thread.
A deep dive into the numbers is below in the thread.
-Average Condo Apt price in Toronto is now officially lower than November 2019 levels.
-Massive digit drop of inventory in every category. It was expected because of seasonality, but the scale is more than just a seasonal change.
-All markets became tighter MOM with lower MOI
-Massive digit drop of inventory in every category. It was expected because of seasonality, but the scale is more than just a seasonal change.
-All markets became tighter MOM with lower MOI
Active Listings:
A really sharp drop for Toronto Condo Apts inventory in November. Way bigger than just a seasonal pattern.
Central districts of Toronto saw the sharpest drop.
At the same time detached houses in Toronto are pretty well aligned with a seasonal pattern.
A really sharp drop for Toronto Condo Apts inventory in November. Way bigger than just a seasonal pattern.
Central districts of Toronto saw the sharpest drop.
At the same time detached houses in Toronto are pretty well aligned with a seasonal pattern.
Price:
-Detached market remains hot in Toronto with 8.6% YOY avg price gains
-Average Toronto Condo Apt price is now first time lower than same time a year ago, which is a big headline
-All central areas have similar avg price for Condo Apts, like there is no premium for Downtown
-Detached market remains hot in Toronto with 8.6% YOY avg price gains
-Average Toronto Condo Apt price is now first time lower than same time a year ago, which is a big headline
-All central areas have similar avg price for Condo Apts, like there is no premium for Downtown
MOI:
As I mentioned earlier, pretty much all segments became tighter with lower months of inventory than a month ago. Even Condo Apts.
Even Downtown Condo Apts (!!!).
The market in DT is still extremely soft for condos, so this small change does not really make a difference yet.
As I mentioned earlier, pretty much all segments became tighter with lower months of inventory than a month ago. Even Condo Apts.
Even Downtown Condo Apts (!!!).
The market in DT is still extremely soft for condos, so this small change does not really make a difference yet.
Lastly Sales:
Sales don't have any sensations and mostly aligned with seasonally decrease pattern. Detached market has more sales than a year ago, but Condo Apts Sales are on pretty much same levels as 2019 & 2018.
Because listings dropped more than sales, MOI decreased.
Sales don't have any sensations and mostly aligned with seasonally decrease pattern. Detached market has more sales than a year ago, but Condo Apts Sales are on pretty much same levels as 2019 & 2018.
Because listings dropped more than sales, MOI decreased.
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