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     2:46

     cbc.ca

     Toronto's housing market: What you need to know about the latest real estate data

     May 20, 2023

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     2:57

     youtube.com

     Business Report: Toronto real estate market awakens

     May 3, 2023

     14.2K Views

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     3:52

     cbc.ca

     Canada’s economy in 2024: 4 things to watch

     Jan 3, 2024

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2. People also ask

   What's happening in Toronto's real estate market?

   • The chill that has taken hold of the Toronto area’s usually red-hot real estate market is leaving a growing number of new homes to languish — with stubbornly high prices and heightened borrowing costs icing out prospective buyers, and new home sales down 71 per cent compared to last year.

   ‘Nothing is moving’: GTA sales of newly built homes plummet in May

   www.thestar.com/real-estate/nothing-is-moving-gta-sales-of-newly-built-homes-plummet-in-may/article_7862834c-3313-11ef-9eeb-ab2554f1870d.html

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   What are the most expensive real estate markets in Ontario?

   • Here’s a closer look at some key areas: The GTA remains one of Ontario's most dynamic and expensive real estate markets. The average home price in Toronto in May 2024 is now the highest it has been since June 2023, with the GTA’s average home price at $1,165,691 and the City of Toronto’s average home price at $1,193,202.

   Ontario Housing Market: May. 23rd, 2024 Update - WOWA

   wowa.ca/ontario-housing-market

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   Does Toronto have a higher home price than the Greater Toronto Area?

   • The City of Toronto is seeing a larger increase in its average home price than the Greater Toronto Area as a whole, even as benchmark price growth remained lower year-over-year. For May 2024, the City of Toronto’s benchmark home price was $1,098,000, down 2.8% year-over-year.

   Toronto Housing Market Report - WOWA

   wowa.ca/toronto-housing-market

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   How many new homes were sold in Toronto in May?

   • A new report from Altus Group analysts and the Building Industry and Land Development Association — which represents builders and renovators across the GTA — counts 936 new homes sales across the Toronto region in May, comprised of 539 condominium units and 397 single-family homes.

   ‘Nothing is moving’: GTA sales of newly built homes plummet in May

   www.thestar.com/real-estate/nothing-is-moving-gta-sales-of-newly-built-homes-plummet-in-may/article_7862834c-3313-11ef-9eeb-ab2554f1870d.html

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3. 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.

   • Ontario Housing Market: Jun. 24th, 2024 Update - WOWA

     The average home price in Toronto in May 2024 is now the...

4. 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.

5. wowa.ca › ontario-housing-marketOntario Housing Market: Jun. 24th, 2024 Update - WOWA

   wowa.ca › ontario-housing-market

   • Cached

   5 days ago · The average home price in Toronto in May 2024 is now the highest it has been since June 2023, with the GTA’s average home price at $1,165,691 and the City of Toronto’s average home price at $1,193,202.

6. 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.

7. www.thestar.com › real-estate › nothing-is-moving‘Nothing is moving’: GTA new home sales plummet in May

   www.thestar.com › real-estate › nothing-is-moving

   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 ...

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

   www.blogto.com › real-estate-toronto › 2024

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   3 days ago · Builders are unable to build at these elevated retail market prices. Tells you a lot about the state of housing in Canada. — Keeping it real (@Patrick30042459) April 24, 2024

9. 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 · 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 ...