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- Home prices in the Greater Toronto Area are expected to slide once again next year, according to a new report from one of the country’s largest real estate brokerages. In a report published on Tuesday, Re/Max said it is predicting prices to dip in the GTA by three per cent in 2024.
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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.
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.
Feb 9, 2024 · The latest outlook on what we can expect in 2024 comes from the Toronto Regional Real Estate Board (TRREB), which echoes other authorities in predicting higher sales numbers and selling prices...
- Becky Robertson
5 days ago · 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.
Jan 3, 2024 · Real estate firm Royal LePage is forecasting a six per cent rise in the average home price in the Greater Toronto Area by the end of 2024, and a 4.5 per cent rise in Ottawa.
