After six months of sluggish activity, Toronto’s housing market is showing clear signs of recovery. October saw a significant uptick in sales, with a year-over-year increase of 44% for low-rise homes and 32% for condominiums. While last year’s sales volumes were near 20-year lows, this growth indicates that the GTA market is truly heating up. Key numbers from October 2024 …
Sales Slowed Down Even Further June 2024 home sales in the GTA were lower compared to the same month last year. Despite the Bank of Canada rate cut at the beginning of last month, many buyers kept their home purchase decisions on hold. This resulted in a 16.4% decline in sales compared to June 2023. New Listings: The market remained …
Speed read – TL;DR: ⚡Average prices have increased by 15% year-to-date! ⚡BoC hikes 25bps again — and there may be more to come. ⚡Strong immigration is causing rental market to go crazier! ⚡Five TRREB districts price comparison – Toronto, Peel, Halton, York & Durham. GTA Market – Strong growth year-to-date We are in the middle of the Spring market and GTA …
Happy New Year! I am excited to see what 2023 will bring. And to all my friends who celebrate the Lunar New Year, this year is the Year of Rabbit! It is a time for family gathering, eating special foods and treats, counting our blessings from the previous year and of course Red Pockets!! My wife, Claire, and I will be …
