In November 2018, the Toronto Real Estate Board reported a 2.7% year-over-year increase in the MLS home price index, with an average selling price of $788,345, up 3.5% from the previous year. While residential transactions were down by 14.7% compared to November 2017, the decline in new listings indicates increased competition among buyers. Market conditions remain tight, particularly for lower-priced homes, leading to a stronger price growth in segments like condos and semi-detached houses.