TORONTO, Dec 5 (Reuters) - Home prices in Toronto rose in November, bolstered by a sharp drop in listings, data released by the Toronto Real Estate Board on Wednesday showed.
"Relatively tight market conditions over the past few months have provided the foundation for renewed price growth," TREB President Garry Ghaura said in a statement.
NOVEMBER
OCTOBER
NOVEMBER 2017
YR/YR CHANGE TOTAL SALES
6,251
7,492
7,326
-14.7%
AVERAGE PRICE C$788,345
C$807,340
C$761,410
3.5% NEW LISTINGS 10,534
14,431
14,260
-26.1% After preliminary seasonal adjustment
NOVEMBER
MTH/MTH PCT CHANGE SALES
6,588
-3.4% AVERAGE PRICE C$804,725 -0.8% Sales by type of property
NOVEMBER
YR/YR PCT CHANGE DETACHED
2,665
-14.2% SEMI-DETACHED
621
-15.7% TOWNHOUSE
987
-16.4% CONDO APARTMENT
1,891
-14.0% Average price by type of property
NOVEMBER
YR/YR PCT CHANGE DETACHED
C$1,008,768
1.3% SEMI-DETACHED
C$791,760
8.3% TOWNHOUSE
C$647,418
3.1% CONDO APARTMENT
C$556,723
7.5%