September 2024

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...

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...