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2 days ago · Toronto Housing Market Report. WOWA Trusted and Transparent. Market Report Summary for May 2024. Updated June 5th, 2024. The Greater Toronto Area’s benchmark home price for May 2024 was $1,117,400, down 3.5% year-over-year. The average home sold price in the GTA decreased 2.5% year-over-year to $1,165,691 for May 2024.
Up-to-date real estate trends & stats for Toronto. Research sales history, average house & condo prices, current listing inventory, and total active listings.
# BedsMay 26 - Jun 233 Mo Ago6 Mo Ago2 Bd$1.1M -8%$1.2M$969K3 Bd$1.4M -4%$1.5M$1.4M4 Bd$2.3M -2%$2.2M$2.0M5 Bd$3.4M +7%$2.7M$2.5M5 days ago · 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.
Up-to-date housing market trends & stats for Toronto, ON. Research median house & condo prices, sizes, inventory, & recently sold info. See data trends over time.
- Home Price Forecast For 2024?
- Toronto Home Sales Rise
- GTA Home Prices
- Mortgage Rates
- GTA City by City Home Prices
- Remax 2023 Toronto Housing Forecast
There doesn’t seem to be a consensus about sales and prices for 2024. Royal LePage is predicting a rise of 6% in GTA home prices by the end of the year. REMAX is predicting a 3% decline in home prices for the GTA region in 2024. New home construction is dropping given persistent high rates, and economic uncertainty and that many communities will no...
TRREB reports that 5607 home sales occurred in February 2024, an increase of 17.9% vs Feburary 2023, although sales have slowed from the previous two months. Home price grew 1.1% to an average of $1,108,720 and the HPI price index rose .4% YoY, and were up slightly vs January. TRREB’s Chief Market Analyst Jason Mercer expects rate cuts in the 2nd h...
While market is optimism is improving for Toronto area Realtors and for buyers and sellers, this promising spring market could cause the Bank of Canada to delay rate cutting. Increased spending by the Federal government may increase inflationary pressures. Home prices and rent prices are an important component of inflation in Canada. The Bank of Ca...
A few months ago BoC governor Tif Maklam said rates were restrictive enough and could preclude any more hiking of their key lending rate. A Reuter’s poll of Canadian economists suggested that the Bank of Canada will start cutting interest rates in April as inflation and the economy slow, and they forecasted that base borrowing costs will drop by at...
As the chart reveals, price rises for single detached homes have been steepest in Brampton, East Gwillimbury and Orangeville. Over the previous 7 years, home prices have increased the most in Burlington, Brampton, Milton, E Gwillimbury, Oshawa and Uxbridge. Given availability limits, these communities might once again see price surges in 2025/2025....
Remax forecasts home prices in Toronto will fall 11.8% by end of 2023 and only 5% in Mississauga. Right now is a good time time to sell your home. just before an expected drop this winter and spring. And you can sell your home fast with perhaps no commission, or sell it for more using a Realtor with a strong digital marketing strategy. The Toronto ...
Mar 4, 2024 · Exploring the Toronto real estate market can often feel like a rollercoaster ride, with sold prices fluctuating and trends constantly changing. In January 2024, the average home sold price in the Greater Toronto Area (GTA) saw a notable shift, decreasing by 1.2% year-over-year to $1,026,703.
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Greater Toronto Area REALTORS® reported 7,013 home sales through TRREB’s MLS® System in May 2024 – a 21.7 per cent decline compared to 8,960 sales reported in May 2023. New listings entered into the MLS® System amounted to 18,612 – up by 21.1 per cent year-over-year.
