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The average selling price in the GTA fell by 17 per cent in November compared to the February 2022 peak, but is still around 36 per cent above 2019 levels. While interest rates have fallen,
some experts believe the market is still too expensive for first-time buyers who make up a significant number of housing demand, while
other experts forecast a red-hot spring market.
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Annual sales were up significantly for all housing types with detached, semi-detached, townhouse and condos seeing increased of 44 per cent, 25 per cent, 46 per cent and 36 per cent, respectively.
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