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The City of Toronto is experiencing volatile price movements with strong monthly gains in home prices. For September 2024, the City of Toronto’s average home price was $1,113,671, down by 0.5% year-over-year. However, the City of Toronto’s average home price is up quite significantly, 8.2% monthly.
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.
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.
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.
Oct 22, 2024 · In its latest Home Price Update, Royal LePage is forecasting that the aggregate price of a home in the Greater Toronto Area will increase 6.0% in the fourth quarter of 2024, compared to the same quarter last year, 2 and will see a brisk spring housing market in 2025.
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.
Sep 30, 2024 · Despite an ~18% increase in listings, Toronto only saw a YOY increase of 3.3% in sales this past July, with 5,391 homes being sold, as compared to 5,220 in July 2023. Average prices, on the other hand, have only dropped by 1-5% since the previous year — with some property prices dropping by less than 1% since July of last year.
