Toronto detached market sales up 42% year over year and months of inventory down to 1.1

The detached market is getting insanely hot. I was also reading about a house that got 41 offers.This sub seems to ignore this segment of the market but it impacts other segments as well. People who wanted to sell their condo and upgrade cannot do so if they can’t afford it or if there is no inventory to upgrade to. This could be a contributing factor to condo listings tanking at the same time as MOI for both houses and condos tanking.This also might be the first December ever (26 years data available on TREB) that has more sales than November. via /r/TorontoRealEstate https://ift.tt/3rjRKg9