A Steady Year Ahead for GTA Real Estate The Toronto Regional Real Estate Board (TRREB) has released its 2025 Market Outlook and Year in Review, highlighting a year of steady home price growth in line with inflation. With an anticipated increase in transactions, a well-supplied housing market, and lower borrowing costs, the Greater Toronto Area… Read More
The Greater Toronto Area (GTA) housing market in 2024 was marked by a dynamic mix of monthly fluctuations and annual trends. December provided a telling snapshot of the market’s state at year-end, offering valuable insights as we move into 2025. Here’s a detailed breakdown, starting with December’s performance, followed by an analysis of the year… Read More
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.