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- An SNLR below 40% indicates a market that favours buyers. September 2024 saw a surge of new home listings in the Greater Toronto Area (GTA) housing market that has pushed inventory levels to the highest it's been since November 2008.
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1 day ago · Buyer's Market. This Month’s SNLR: 28%. An SNLR below 40% indicates a market that favours buyers. September 2024 saw a surge of new home listings in the Greater Toronto Area (GTA) housing market that has pushed inventory levels to the highest it's been since November 2008.
Oct 18, 2024 · The Toronto real estate market in 2024 was marked by a mix of challenges and recovery, with interest rate adjustments playing a central role in shaping buyer behavior. While affordability and supply issues persist, there is optimism that 2025 will bring more stability and opportunities, particularly with a renewed focus on pre-construction ...
The Toronto housing market has experienced shifts in buyer demand prompted by economic factors, lifestyle changes and immigration in the wake of COVID-19. Toronto’s condo market is currently a buyer’s market, whereas the rest of the market favours sellers.
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.
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.
Oct 17, 2024 · The average selling price of a home in Toronto was $1,068,700 for the month of September 2024, that’s decreased by 1.2% compared to the previous month. On a year-over-year basis, Toronto home prices have decreased 4.6% over the last 12 months.
Is it a Buyer’s or Seller’s Market in Toronto? As of January 2024, we are in a balanced market for Toronto real estate. Using the ratio of home sales over active listings, we can analyze where the real estate market is going.