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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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December 2023 Real Estate Market Update

The Greater Toronto Area (GTA) housing market experienced some turbulence throughout 2023, but its enduring resilience remains the standout feature. Commencing the year with an average sales price of $1,038,668, properties saw a remarkable 15% surge by May, reaching an…

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November 2023 Real Estate Market Update

November saw little change in the average Greater Toronto Area home price year-over-year, ending the month at $1,082,179, up just 0.3%. Examining individual asset classes, the semi-detached market remains stalwart in price stability, maintaining a sales price within a $42,000…

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October 2023 Real Estate Market Update

Lack of affordability and uncertainty remained issues for many would-be homebuyers in October, resulting in a dip in sales compared to last year. However, prices remained higher, up 3.5% or $36,500, putting the average Greater Toronto Area home value at…

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September 2023 Real Estate Market Update

Home prices maintained their resilience in September, with most property segments showing positive year-over-year trends. But a shift has emerged in the housing market: the resurgence of properties for sale. In September, inventory reached 18,912 active listings, the highest level…

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