Toronto home sales saw a major increase

According to the newly released November 2019 stats from The Toronto Real Estate Board (TREB), home sales in November rose 14.2 per cent from a year ago, with 7,090 homes sold and purchased within the month.

"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," said Jason Mercer, TREB’s Chief Market Analyst, in a statement.

A lack of supply in the housing market also helped increase home prices, as new listings were down by 17.9 per cent.

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Source: https://www.blogto.com/


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