The record pace of home sales in the fall continued with 8,766 sales reported in November. This result was up by 24.3 per cent compared to November of last year.

Sales up    24.3%

Prices up    13.3%


“The condominium apartment market is certainly more balanced than in previous years, with some buyers benefiting 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.