Condos By Naveed

🏙️ Toronto Real Estate Market Update - November 2024 🚨

Toronto’s real estate market in November delivered some intriguing insights, and we’re here to break it all down for you! With mixed signals across sales, listings, and pricing, it’s clear that navigating this market requires strategy and expertise. Here’s what we know:

📈 Sales are up by a massive 40.1% year-over-year! While this jump is from a low base last year, it’s still a significant indicator of growing demand in the market.

🏡 Active listings rose 30.2%, giving buyers more options—but here’s the catch: demand outpaced supply by around 41%, keeping the market competitive.

📋 New listings grew by a modest 6.6%, highlighting that while more properties are coming on the market, it’s not enough to cool down demand completely.

💵 Prices saw a 2.6% increase, with the average home now priced at $1,106,050. It’s a clear sign that Toronto’s real estate market remains resilient despite longer selling times.

⏳ Days on Market (DOM) increased by 24-26%, meaning homes are taking longer to sell as buyers weigh their options. On average, it’s now 31 days for listings to sell.

What does this mean for you?
Whether you’re buying, selling, or investing, this market is full of opportunities—but only if you have the right team guiding you.

That’s where Naveed and the team at CondosByNaveed come in. With our in-depth market knowledge, strategic insights, and passion for real estate, we’ll help you make the most of these trends to achieve your goals.

📩 Ready to get started? DM us today and let’s talk about your next big move in Toronto real estate!

🏙️ Spacious 2 Bed, 1 Bath Condo in the Heart of the City: 50 Lombard Street 1705

✨ $2975/month | 750 Sqft | Corner Suite with Stunning North & West Views!

🌟 Equal-sized bedrooms perfect for roommates! Each room comfortably fits a queen bed, 2 side tables, and a large desk—no more fighting over the bigger room!

🚿 Upgraded bathroom with a luxurious rain shower & massive mirror—perfect for those OOTD pics!

🍳 Separate kitchen from living area—no need to worry about cooking smells invading your space.

🏋️ Building amenities include a BBQ rooftop patio, gym, yoga/kickboxing area, party room, guest suites, and more. Plus, you’ll never wait long for the elevator!

📍 Prime location near TMU, St. Mikes Hospital, TTC, restaurants, and 24-hour grocery.

🐾 Pets allowed with a small cleaning deposit.

💧 Water & heat included. Available October 1st.

📱 Contact us today to schedule a viewing today!