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1. www.theglobeandmail.com › real-estate › torontoSellers seize on rate drop to enter housing market - The ...

   www.theglobeandmail.com › real-estate › toronto

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   3 days ago · She accepted a lower sale price than she was expecting, he says, but so far the sellers she has been negotiating with are unwilling to bend. “She was told she was going to get $1.4-million for ...

2. toronto.citynews.ca › 2024/06/25 › inside-torontosInside Toronto's slumping condo market - CityNews Toronto

   toronto.citynews.ca › 2024/06/25 › inside-torontos

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   4 days ago · Last Updated June 25, 2024 11:43 am. 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 ...

3. www.mansionglobal.com › articles › interest-rate-cutInterest Rate Cut Will Give Toronto’s Sluggish Home Market a ...

   www.mansionglobal.com › articles › interest-rate-cut

   1 day ago · According to an April report from Sotheby’s International Realty Canada, residential real estate sales over C$4 million (US$2.92 million) in Toronto climbed 18% year-over-year in the first quarter.

4. www.blogto.com › real-estate-toronto › 2024Experts warn shockingly low home sales in Toronto will lead ...

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   3 days ago · No one can afford to buy*. — Synthetic Animals (@moodyangela) June 6, 2024. The volume of new home sales across the GTA in May, the group says, was an astonishing 71 per cent lower than May 2023 ...

5. thedeepdive.ca › torontos-real-estate-market-highToronto's Real Estate Market: High Supply, Record-Low Demand ...

   thedeepdive.ca › torontos-real-estate-market-high

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   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.

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

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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.

7. People also ask

   How did GTA home sales perform in May 2024?

   • This is a 1.1% increase month-over-month. The GTA’s median home price is down 4.2% year-over-year. GTA home sales for May 2024 experienced 1.4% decrease relative to the previous month, yet a much larger 22% decline year-over-year, culminating in 7,013 homes sold in May 2024.

   Toronto Housing Market Report - WOWA

   wowa.ca/toronto-housing-market

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   What happened to sales in the Greater Toronto Area (GTA)?

   • The Greater Toronto Area (GTA) overall had 7,013 sales, experiencing a notable decrease in sales, with a 1.4% decline from the previous month and a staggering 22.2% drop compared to the previous year. This trend is consistent across various cities:

   Toronto Housing Market Report - WOWA

   wowa.ca/toronto-housing-market

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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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   Is the GTA home price down?

   • On an annual basis, the GTA’s average home price is down 2.5% year-over-year. The median home price, often considered a more transparent indicator of market trends, was $992,000 in May 2024. This is a 1.1% increase month-over-month. The GTA’s median home price is down 4.2% year-over-year.

   Toronto Housing Market Report - WOWA

   wowa.ca/toronto-housing-market

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   How much does a GTA home cost in 2024?

   • In May 2024, the GTA's benchmark home price decreased 0.9% month-over-month to $1,117,400, a 3.5% decrease from May 2023. The average GTA home price was $1,165,691 in May 2024. This is a small 0.8% rise from the previous month’s price of $1,156,167 in April 2024. On an annual basis, the GTA’s average home price is down 2.5% year-over-year.

   Toronto Housing Market Report - WOWA

   wowa.ca/toronto-housing-market

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   Should you buy a condo in Toronto?

   • 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.

   Inside Toronto’s slumping condo market

   toronto.citynews.ca/2024/06/25/inside-torontos-slumping-condo-market/

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8. www.pressreader.com › canada › the-globe-and-mail-bcSellers seize on rate drop to enter housing market - PressReader

   www.pressreader.com › canada › the-globe-and-mail-bc

   1 day ago · The Globe and Mail (BC Edition) Sellers seize on rate drop to enter housing market. 2024-06-28 - CAROLYN IRELAND. When the Bank of Canada cut its key interest rate in early June, some industry watchers predicted that the move would re-energize buyers in the Toronto-area real estate market. Instead, it’s the sellers who have been galvanized ...