Search results
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 single-family home in Toronto was $1,293,300 for the month of September 2024, that’s decreased by 1.1% compared to the previous month. On a year-over-year basis, single-family home prices in Toronto have decreased by 3.5% over the last 12 months.
- Mortgage Content Expert
Ontario's housing market saw a sharp monthly increase in its average home in September 2024, with an average home price of $851,478, a 4.1% increase from the previous month and a 0.2% increase from the previous year. Ontario recorded 13,251 sales in September 2024, up 9.8% year-over-year.
Toronto housing market could see prices rise 10% this year. Limited housing supply and strong demand will likely keep the Toronto housing market in strong seller’s territory through 2022.
5 days ago · The City of Toronto’s average home price is $1,113,671, down 0.5% year-over-year but up 8.2% monthly. Suburban areas such as Mississauga and Brampton are experiencing mixed price changes, with Mississauga average home prices up 2.7% year-over-year to $1,048,914.
