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1. www.thestar.com › real-estate › the-condo-marketWhy Toronto has a record number of condos for sale

   www.thestar.com › real-estate › the-condo-market

   Jun 14, 2024 · In the thick of a housing crisis, there is suddenly a record number of homes for sale in Toronto that nobody wants. Near Jarvis and Dundas streets, realtor Jamie Page warned his clients two...

   • Author: Diana Zlomislic

   • Email: dzlomislic@thestar.ca

2. wowa.ca › toronto-housing-marketToronto Housing Market: Jun. 5th, 2024 Update - WOWA

   wowa.ca › toronto-housing-market

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   2 days ago · The Greater Toronto Area (GTA) housing market saw inventory soaring to a decade high in May 2024, with 21,760 active home listings by month’s end. That comes amid a surge in new listings, while sales and home price growth are held back.

3. opencanuck.com › 2024/06/20 › why-are-so-many-bigWhy are so many big-city condos sitting empty? | About That

   opencanuck.com › 2024/06/20 › why-are-so-many-big

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   Jun 20, 2024 · want to show you something cute little condo in Toronto's Harbor front neighborhood bustling part of the city it goes on the market in the summer of 2022 the

4. condos.ca › blog › postsYour definitive guide to the Toronto & GTA housing market

   condos.ca › blog › posts

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   Jun 12, 2024 · By the numbers: Sales down, listings up: May saw 7,013 home sales, a 21.7% decrease from May 2023. New listings rose by 21.1%, reaching 18,612 compared to last year. Prices slightly lower: The average home price dipped by 2.5% year-over-year to $1,165,691.

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5. www.nesto.ca › home-buying › toronto-housing-marketToronto Housing Market | 2024 Home Prices - nesto.ca

   www.nesto.ca › home-buying › toronto-housing-market

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   Jun 19, 2024 · The average selling price of a condo in Toronto was $685,300 for the month of May 2024, that’s decreased by 0.2% compared to the previous month. On a year-over-year basis, the price of a condo in Toronto has decreased 3.2% over the last 12 months.

   • Occupation: Mortgage Content Expert

6. www.cbc.ca › player › playWhy are so many big-city condos sitting empty? | About That

   www.cbc.ca › player › play

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   Jun 20, 2024 · Most, experts say, are less than 500 square feet. Andrew Chang explains why there's been an explosion of these so-called 'shoebox' condos, and why they're suddenly struggling to sell.

   • Video Duration: 12 min

7. People also ask

   How much does a condo cost in Toronto in April 2024?

   • The average selling price of a condo in Toronto decreased by 1.4% year-over-year to $695,500 in April 2024. The average rent in Toronto decreased by 2.0% year-over-year to $2,757 for April 2024. The average selling price of a home in Toronto was $1,128,100 for the month of April 2024, that’s increased by 1.3% compared to the previous month.

   Toronto Housing Market | 2024 Home Prices - nesto.ca

   www.nesto.ca/home-buying/toronto-housing-market-outlook/

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   How much does a condo apartment cost in Toronto?

   • Condo apartment average price decreased by 2.4 % year-over-year to $ 731k. An SNLR below 40% indicates a market that favours buyers. The Greater Toronto Area (GTA) housing market saw inventory soaring to a decade high in May 2024, with 21,760 active home listings by month’s end.

   Toronto Housing Market Report - WOWA

   wowa.ca/toronto-housing-market

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   What's wrong with the Toronto condo market?

   • ‘Something is wrong with the market when we have housing nobody wants and homelessness at the same time,’ says Coun. Gord Perks, Toronto’s planning and housing chair. The condo market in Toronto has more units up for sale than ever before, and the majority of them are small and investor-owned.

   Why Toronto has a record number of condos for sale - The Toronto Star

   www.thestar.com/real-estate/the-condo-market-right-now-is-a-ghost-town-toronto-has-a-record-number-of/article_60f20a98-24e0-11ef-8d75-376ea6f76eaf.html

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   Is the Toronto housing market a balanced market for April 2024?

   • TREBB also reported a sales-to-new-listings ratio (SNLR) of 42%, indicating a balanced market in Toronto for April 2024. The Toronto housing market saw a decrease in home sales in April 2024 compared to the previous year despite having one of the strongest spring markets in Canadian history in April 2023.

   Toronto Housing Market | 2024 Home Prices - nesto.ca

   www.nesto.ca/home-buying/toronto-housing-market-outlook/

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   What is the average home price in Toronto in 2024?

   • For May 2024, the City of Toronto’s benchmark home price was $1,098,000, down 2.8% year-over-year. The City of Toronto’s average home price was $1,193,202, up 3.6% on a month-to-month basis, while it was down just 0.3% year-over-year. The median Toronto home price has risen 4.8% month-over-month to $948,000, bringing it 2.1% higher year-over-year.

   Toronto Housing Market Report - WOWA

   wowa.ca/toronto-housing-market

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   How much did Toronto resale homes cost in April 2024?

   • Data from the Toronto Regional Real Estate Board (TRREB) indicates that the average price of resale residential homes sold across Toronto in April 2024 was $1,128,100, and it decreased of 1.0% compared to a year ago. TREBB also reported a sales-to-new-listings ratio (SNLR) of 42%, indicating a balanced market in Toronto for April 2024.

   Toronto Housing Market | 2024 Home Prices - nesto.ca

   www.nesto.ca/home-buying/toronto-housing-market-outlook/

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8. precondo.ca › toronto-housing-crisis5 Factors Contributing to Toronto's Housing Crisis in 2024

   precondo.ca › toronto-housing-crisis

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   Jun 20, 2024 · Condos saw a sharp price hike about a couple of years back. This resulted in an immediate effect on the Toronto real estate market. In 2017, when the regional government levied a tax of 15% on foreign buyers, the drop was more significant. But, this, in turn, helped in stabilizing the market.