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The average condo apartment selling price was down slightly year-over-year. Condo apartment sales amounted to 5,474 in Q2 2024 – down 19.8 per cent compared to 6,824 sales in Q2 2023. Conversely, new listings were up by 36.5 per cent year-over-year to 16,917.
As 2024 unfolds, Toronto’s condo market continues to evolve, presenting its unique blend of challenges and opportunities. Condo buyers and investors must navigate mortgage policies, affordability issues, and the overall state of the Greater Toronto Area real estate market.
Dec 28, 2023 · Will the housing market crash in 2024? Experts make housing market predictions for 2024 in Canada, including whether it’s a good time to buy a home.
Housing market conditions are anticipated to be varied in 2024, with 42 per cent expected to balance out, while 29 per cent are expected to favour sellers, 21 per cent to favour buyers, and four per cent to experience mixed conditions.
The average condo apartment selling price in Q2 2024 was $729,005 – down by 1.2 per cent compared $737,925 in Q2 2023. In the City of Toronto, the average selling price was $765,963 – down by 0.5 per cent compared to Q2 2023.
Nov 22, 2023 · Total unit home sales could fall by additional 10-15% from now through Q1 2024, and are unlikely to rebound to 2019 levels before early to mid-2025. Homebuilding will retreat further, particularly in the condo space where presales have dropped off, which will make a tight rental market even tighter (Chart 9).
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Jan 3, 2024 · Condominiums are the segment of Ontario's housing market that looks to be in the roughest shape in 2024, in part because a large proportion are owned by investors.
