Overview of November 2024 Market Performance The Greater Toronto Area (GTA) housing market showed significant growth in November 2024, as home sales surged by 40.1% compared to the same month in 2023. This marked a pivotal shift for both buyers and sellers in the region, as improved affordability due to lower borrowing costs encouraged more… Read More
The October 2024 GTA market report highlights a housing market on the upswing, with improving buyer activity and steady price trends. While challenges remain, especially in affordability and inventory, the outlook for the coming months suggests a dynamic market for both buyers and sellers.
The GTA real estate market is showing signs of recovery! Home sales surged by 8.5% in September 2024, with buyers taking advantage of interest rate cuts and new lending guidelines.
From May to August, home sales consistently declined year-over-year, with drops ranging from 5.3% to 21.7%. Despite this, new listings increased each month, providing buyers with more options and negotiation power. Average selling prices fell year-over-year but showed slight stabilization in July and August. Looking ahead, lower mortgage rates may boost demand later in 2024, potentially driving prices up in 2025. For now, buyers can take advantage of current inventory levels and moderate prices.
In April 2024, Toronto’s real estate market saw a shift with increased inventory and stable pricing compared to the previous year. TRREB’s report highlights these trends, along with insights into buyer preferences and government initiatives.
March 2024 GTA home sales dropped, but prices rose due to increased competition; with sales down 4.5% and listings up 15%, TRREB sees market shifts, anticipating further growth with lower borrowing costs, emphasizing supply solutions.
Explore the GTA housing market’s resurgence with a notable sales surge, price stability, and future trends. TRREB’s latest report unveils positive momentum for potential homebuyers in the Greater Toronto Area for February 2024.
Dive into TRREB’s comprehensive market update, exploring the dynamics of GTA real estate in 2023, with a keen eye on anticipated shifts in 2024
Dive into TRREB’s comprehensive market update, exploring the dynamics of GTA real estate in 2023, with a keen eye on anticipated shifts in 2024
Explore the November 2023 GTA real estate landscape: Affordability challenges, listing surges, and future projections. Dive into the trends now!
Stay updated on the GTA housing market with TRREB’s September report, covering challenges, future prospects, available listings, and vital insights for first-time buyers.
The July 2023 housing market report reveals a remarkable surge in home sales and new listings, bringing a much-needed balance to the Greater Toronto Area’s real estate landscape.
Discover the Canadian housing surge and inflation shift’s impact. Gain insights into housing starts and inflation’s implications for the real estate market in June 2023. Stay informed on the dynamic landscape of Canadian housing.
In June 2023, home sales and average selling prices in the Greater Toronto Area (GTA) remained strong, surpassing last year’s levels. However, seasonally adjusted sales saw a slight decline compared to the previous month. Despite higher borrowing costs, the demand for homeownership remained robust. Limited inventory affected sales, and the average selling price increased by 3.2%. The GTA’s real estate market faces challenges in housing supply and affordability, necessitating immediate action from government leaders to rectify the crisis.
The Greater Toronto Area (GTA) housing market experienced robust sales growth in May 2023, driven by high demand. However, the limited supply of homes for sale led to increased competition and soaring prices, highlighting the need for addressing the ongoing supply shortage. Let’s dive deeper into TRREB’s May 2023 Market Update in this post.