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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.
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.
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.
The average home price in Canada stood at $669,630, reflecting a 3.2% increase from the previous month and a 2.2% increase from the previous year. It’s the first time that Canada’s average home price has increased on a monthly basis since April 2024.
Mar 4, 2024 · In January 2024, the average home sold price in the Greater Toronto Area (GTA) saw a notable shift, decreasing by 1.2% year-over-year to $1,026,703. This change isn’t just a number; it’s a reflection of the evolving market dynamics, where the types of homes being sold significantly impact overall price trends.
Oct 17, 2024 · The average selling price of a single-family home in Toronto decreased by 3.5% year-over-year to $1,293,300 in September 2024. The average selling price of a townhouse/multiplex in Toronto decreased by 5.4% year-over-year to $799,100 in September 2024.
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5 days ago · The GTA remains one of Ontario's most dynamic and expensive real estate markets. 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.