Search results
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 days ago · The volume of new home sales across the GTA in May, the group says, was an astonishing 71 per cent lower than May 2023 figures, and also 71 per cent below the 10-year average for the springtime ...
4 days ago · There’s a record number of Toronto condominiums on the market right now, and despite record immigration, and an ever-worsening housing crisis, nobody seems to want to buy them. Diana Zlomislic is a housing reporter for The Toronto Star. “I think what happens with the central bank, whether they continually reduce the lending rate over the ...
2 days ago · Sales . In April, seasonally adjusted home sales dropped by 1.7% month-over-month (m/m), reflecting a broader weakening in the market. This decline was most pronounced in Ontario, where sales volumes decreased by 2.9% m/m. Over the past three months, Ontario has seen a cumulative drop of 12% in sales volumes.
2 days ago · Greater Toronto’s real estate market continues to struggle, with recent data from Altus Group and BILD GTA indicating further declines in new home prices and record-low sales figures for May. The benchmark price for single-family homes fell to $1.61 million, a 7% drop from the previous year, while condominium prices decreased by 5% to $1.04 million.
3 days ago · For now, their report shows new home inventory still rising, with an increase of 20,427 new homes on the market in May — 16,845 condos and 3,582 single-family homes. At the recent pace of sales ...
People also ask
What's happening in Toronto's real estate market?
How has Toronto's housing market changed over the past month?
How many new homes were sold in Toronto in May?
What are the most expensive real estate markets in Ontario?
Does Toronto have a higher home price than the Greater Toronto Area?
What happened to sales in the Greater Toronto Area (GTA)?
5 days ago · Home prices in Ontario’s housing market dipped slightly in May 2024 as sales fell and inventory mounted. The average home price for the month of May 2024 was $890,634, down 1.1% from last month’s price of $900,161 in April 2024.
