November 2019 Market Watch

Posted Dec 4th, 2019 in General, Real Estate, Team Zold Extras

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December 4, 2019 -- Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB's MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground oriented home types, including detached houses, led the way.

New listings entered into TREB's MLS® System in November and the active listings count at the end of the month went in the opposite direction compared to last year, with new listings down 17.9 per cent year-over-year and active listings down 27.2 per cent.

"An increasing number of home buyers impacted by demand-side policies over the past three years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test, have moved back into the market for ownership housing. Based on affordability and stricter mortgage qualification standards, many buyers may have likely adjusted their preferences, changing the type and/or location of home they ultimately chose to purchase," said Mr. Collins.

As market conditions continued to tighten in November 2019, with increased sales up against an increasingly constrained supply of listings, the annual rate of price growth continued to accelerate. The MLS® Home Price Index Composite Benchmark increased by 6.8 per cent year-over-year. The average selling price increased by 7.1 per cent year-over-year to $843,637. Both the MLS® HPI and the average selling price for the TREB market area as a whole experienced the strongest annual rates of price growth for the year in November.

"Strong population growth in the GTA coupled with declining negotiated mortgage rates resulted in sales accounting for a greater share of listings in November and throughout the second half of 2019. Increased competition between buyers has resulted in an acceleration in price growth. Expect the rate of price growth to increase further if we see no relief on the listings supply front," said Jason Mercer, TREB's Chief Market Analyst.

Vaughan September 2026 Market Update

Oct 18th, 2026

Vaughan's average sale price in September 2026 was $1,163,441. In September 2025 it was $1,163,498. Fifty-seven dollars apart, on 213 sales. I've been doing this a long time and I don't remember a cleaner year-over-year flat line. It's also almost entirely a coincidence, because underneath that number the two Septembers look nothing alike.

York Region September 2026 Market Update

Oct 17th, 2026

Prices came down together this time. The average slipped 3.7% year over year to $1,136,650 and the median fell 4.1% to $1,043,000. In August the average held while the median dropped; in September both moved, and the detached share of sales was the same 54% it was a year ago, so there's no mix story to hide behind. The softness sits below the detached tier: semi-detached, condo townhouse and condo apartment medians are all down roughly 11% to 14%.