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- Home prices in the Greater Toronto Area (GTA) housing market continued to decline in August 2024 as the region saw an abundance of home listings. All three measures of home prices, benchmark, average, and median, have dipped to their lowest level since January 2024.
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Sep 5, 2024 · Market Report Summary for August 2024. Updated September 5th, 2024. The Greater Toronto Area’s benchmark home price for August 2024 was $1,082,200, down 4.6% year-over-year. The average home sold price in the GTA decreased 0.7% year-over-year to $1,074,425 for August 2024.
Toronto Housing Market Report — July. What’s happening in the Toronto housing market? Sales are up, listings are up, mortgage rates are down, and there’s a slight relief for buyers with some lower home prices in some areas of the GTA. The GTA remains a treacherous sales environment for buyers and sellers, but mostly for buyers.
Jan 3, 2024 · Real estate firm Royal LePage is forecasting a six per cent rise in the average home price in the Greater Toronto Area by the end of 2024, and a 4.5 per cent rise in Ottawa.
A multi-factor analysis identifies Metro Toronto as a higher-risk real estate market. Budgets for home purchases are under strain due to the higher mortgage rates . Promised rate cuts are delayed because inflation has been more difficult to control than expected.
Up-to-date real estate trends & stats for Toronto. Research sales history, average house & condo prices, current listing inventory, and total active listings.
# BedsAug 26 - Sep 233 Mo Ago6 Mo Ago2 Bd$1.2M +15%$1.1M$1.2M3 Bd$1.3M -4%$1.4M$1.5M4 Bd$2.1M -6%$2.3M$2.2M5 Bd$2.8M -2%$3.4M$2.7MApr 5, 2023 · The Ontario board found Wednesday that the average price of a home hit $1,108,606 last month compared with $1,096,519 the month before. However, the average price was still down almost 15 per...
Greater Toronto Area (GTA) home sales were down on a yearover-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing market remained well-supplied in August, average home prices only edged slightly lower compared to August 2023.
