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- Home prices in the Greater Toronto Area are expected to slide once again next year, according to a new report from one of the country’s largest real estate brokerages. In a report published on Tuesday, Re/Max said it is predicting prices to dip in the GTA by three per cent in 2024.
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Market Report Summary for September 2024. Updated October 3rd, 2024. The Greater Toronto Area’s benchmark home price for September 2024 was $1,068,700, down 4.6% year-over-year. The average home sold price in the GTA decreased 1.1% year-over-year to $1,107,291 for September 2024.
In its 2024 Canadian housing market forecast report, REMAX predicts Toronto area home prices will decline by 3% by year end. Back in April, Phil Soper and Royal Lepage made a bold projection of home prices, to rise 8% in the 4th quarter, 2024.
Oct 16, 2024 · The Greater Toronto Area (GTA) benchmark home price was recorded at $1,068,700, down 4.6% year-over-year as of September 2024. The overall market is characterized by a significant increase in new listings, which rose by 35% compared to the previous year, leading to an oversupply situation.
Oct 17, 2024 · The average selling price of a home in Toronto was $1,068,700 for the month of September 2024, that’s decreased by 1.2% compared to the previous month. On a year-over-year basis, Toronto home prices have decreased 4.6% over the last 12 months.
- Mortgage Content Expert
Feb 9, 2024 · The latest outlook on what we can expect in 2024 comes from the Toronto Regional Real Estate Board (TRREB), which echoes other authorities in predicting higher sales numbers and selling...
- Becky Robertson
Sep 29, 2024 · The Toronto housing market is definitely cooling off. The latest data from the Toronto Regional Real Estate Board (TRREB) paints a clear picture. As of August 2024, the benchmark home price sits at $1,082,200. That's a 4.6% drop compared to August 2023.
5 days ago · The average home price in the GTA in September 2024 was $1,107,291, down 1.1% year-over-year and up 3.1% monthly. The City of Toronto’s average home price is $1,113,671, down 0.5% year-over-year but up 8.2% monthly.