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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.
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.
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
Current Toronto MLS® stats indicate an average house price of $1,103,019 and 5,937 new listings in the last 28 days. As of today, Toronto housing data shows median days on market for a home is 25 days.
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.
