More Houses Than Buyers’ Interest: TRREB in Mid-Q4

-GTA avg home prices: ↑ yearly to $1.082M
-Toronto new homes avg price: $1.05M < regional avg
Mid-Q4 sales ↓ 6% yearly to 4,236, while new listings ↑ 16.5%.
-Townhome sales in Toronto ↓ 20% yearly
-Detached home sales ↓ 14.5%
Condo prices outside of Toronto ↑ 6.4%, attributed to their affordability.
Anticipation of rate cuts in 2024 may offer some relief to homeowners and potential buyers.

Scroll to Top