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June 2024 Real Estate Market Update

After more than two years of elevated borrowing costs, interest rates finally dropped in June, but it has not yet translated into increased sales. Many buyers kept their home purchase decisions on hold, resulting in sales falling in the Greater…

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May 2024 Real Estate Market Update

Like April, May home sales were slower than average, especially in comparison to last spring’s short-lived pick-up in market activity. Just over 7,000 homes traded hands in May, down 21.7% or nearly 1,950 transactions from May 2023. With new listings…

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April 2024 Real Estate Market Update

Home sales in the Greater Toronto Area (GTA) were down in comparison to April 2023, when there was a temporary resurgence in market activity. With new listings strongly up year-over-year, there was increased choice for homebuyers and little movement in…

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February 2024 Real Estate Market Update

The Greater Toronto Area (GTA) housing sector witnessed a strong surge in activity throughout February, setting an optimistic tone for the region’s real estate market heading into spring. With a total of 5,607 homes sold, representing an impressive 33% increase…

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January 2024 Real Estate Market Update

Tighter market conditions have returned to the Toronto-area housing market suggesting 2024 is gearing up to be a considerably busier year than its predecessor. Home sales were higher in January, reaching 4,223 — an impressive 36% yearly growth — as…

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August 2023 Real Estate Market Update

Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision-making, and the constrained supply of listings resulted in fewer home sales in August compared to the same month last year. On the price front, more balanced market…

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