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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 decreased by 4.6% year-over-year to $1,068,700 in September 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 .
- Mortgage Content Expert
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.
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 · Market Report Summary for September 2024. Updated October 28th, 2024. Greater Toronto Area 's average home price. decreased. by 1.1% year-over-year to. $ 1,107,291. . City of Toronto 's average home price. decreased. by 0.5% year-over-year to. $ 1,113,671. . Ottawa 's average home price. increased. by 1.5% year-over-year to. $ 685,551. .
