Toronto Market Report - November 2024
Posted on Nov 13, 2024 in Market Report
SALES COMMENTARY
In October 2024, Toronto’s real estate market saw substantial growth in sales volume as more buyers continued to return to the market.The Toronto Regional Real Estate Board (TRREB) reported a 44.4% increase in home sales year-over-year, with 6,658 transactions. This surge is attributed to recent interest rate cuts and the expectatio...
Toronto Market Report - October 2024
Posted on Oct 10, 2024 in Market Report
SALES COMMENTARY
The momentum seen in the latter half of August, driven by the anticipation of interest rate cuts, continued into September. The interest rate reduction served as another sign that the market is projected to improve. Many buyers and sellers are now focused on the fall market, traditionally considered the second-best time of the year...Toronto Market Report - September 2024
Posted on Sep 11, 2024 in Market Report
SALES COMMENTARY
There was no surprise within the industry that sales in August would continue to trend downward as the market navigated the seasonal summer slowdown. This period has traditionally seen less focus on real estate transactions. Inventory levels continued to rise, with homes taking longer to sell. The average days on the market in Augus...Toronto Market Report - August 2024
Posted on Sep 01, 2024 in Market Report
SALES COMMENTARY
Throughout July, the Toronto real estate market continued to adjust to current economic conditions. The additional interest rate cut in July clearly wasn’t enough to invigorate activity. As inventory increased, buyers demonstrated that either values need to decrease or more rate reductions are necessary to provide the affordability...Toronto Market Report - July 2024
Posted on Jul 17, 2024 in Market Report
SALES COMMENTARY
The Toronto real estate market in June 2024 showed mixed signals, reflecting ongoing adjustments to changing economic conditions and inventory levels. There was both optimism and concern regarding the imminent interest rate cut. Optimism stemmed from the clear monetary signal that interest rates are on the decline, creating confiden...Toronto Market Report - June 2024
Posted on Jun 12, 2024 in Market Report
SALES COMMENTARY
This year’s spring market is proving far from traditional. The uncertainty surrounding when interest rates will begin to decrease has kept buyers hesitant and lacking confidence to re-enter the housing market. Additionally, the Government’s announcement of a change to the Capital Gains tax inclusion rate has added to the uncertainty...