Mark Albert

  416-520-8258 

November 2018 Report

07 December 2018
Mark Albert

It's a time of adjustment and perhaps some balance.  Gone are the bidding contests and owner dictated pricing.  Stress tested mortgage qualifications for Buyers have significantly restricted their buying power.  Owners are reluctant to accept the new adjusted values, though such are not so out of line with consistent real estate appreciated value growth, if given the proper time adjusted perspective.

Here is an adjustment snapshot taken in November:

November 2018 Year-Over-Year Per Cent Change in the MLS® HPI

 

Composite (All Types)

Single-Family Detached

Single-Family Attached

Townhouse

Apartment

TREB Total

2.73%

-0.28%

1.40%

4.40%

9.35%

Halton Region

1.67%

0.00%

1.47%

4.85%

6.94%

Peel Region

4.22%

3.00%

3.59%

3.04%

9.38%

City of Toronto

6.72%

2.10%

4.51%

6.48%

10.30%

York Region

-3.88%

-5.18%

-4.63%

-0.81%

4.68%

Durham Region

0.73%

0.35%

1.40%

2.56%

2.06%

Orangeville

1.85%

1.97%

1.15%

-

-

South Simcoe County1

-2.62%

-2.83%

-0.95%

-

-

Source: Toronto Real Estate Board

       

1South Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth