Sutton Quantum Qupdates - DECEMBER 2023
- Jared Olmsted
- Dec 18, 2023
- 1 min read
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SQ'S NOVEMBER TOP 10s
Congratulations on making the Top 10 for Sutton Quantum during the month of November!
Disclaimer: The above Top 10 information is internal data distributed to Sutton Quantum Agents only.
Please do not disclose the names of Sutton Quantum agents or their place on any Top Ten lists to outside agents, clients or on any public forum.
MARKET WATCH
AVERAGE PRICE COMPARISON
MISSISSAUGA DETACHED HOMES
 | Month to Month Comparison: November Average Price $1,398,829 vs October Average Price $1,564,286 |
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MISSISSAUGA CONDO/APARTMENT
 | Month to Month Comparison:
November Average Price $649,756
vs October Average Price $626,630 |
OAKVILLE DETACHED HOMES
 | Month to Month Comparison:
November Average Price $1,888,364 vs October Average Price $1,784,427 |
OAKVILLE CONDO/APARTMENT
 | Month to Month Comparison:
November Average Price $1,335,092 vs October Average Price $811,372 |
MARKET WATCH OVERVIEW
TORONTO, ONTARIO, December 5, 2023 – High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year.
“Inflation and elevated borrowing costs have taken their toll on affordability. This has been no more apparent than in the interest rate-sensitive housing market. However, it does appear relief is on the horizon. Bond yields, which underpin fixed rate mortgages have been trending lower and an increasing number of forecasters are anticipating Bank of Canada rate cuts in the first half of 2024. Lower rates will help alleviate affordability issues for existing homeowners and those looking to enter the market,” said Toronto Regional Real Estate Board (TRREB) President Paul Baron.
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