In November 2023, the GTA real estate market saw a decline in prices and volume compared to the previous month. While prices remained stable relative to last year, there was a notable 6% decrease in volume.
Condos maintained their value from the previous month, whereas the average price decrease was driven by low-rise homes. The overall decrease may reflect a broader trend of increased options for buyers, giving them more bargaining power.
Although active listings were still high relative to the last 2 years, that number was falling along with the number of new listings. If the...