Toronto Real Estate

🏡 Thinking About Buying or Selling Your Home?
Get the professional advice you need — plus ask me about my Cashback Offer!
📍 Serving Aurora • Newmarket • GTA
📞 Naren Ravi | [email protected] | 416‑409‑1621

TRREB's Market Watch Report for December 2024 Now Released 👀

The Greater Toronto Area (GTA) housing market experienced a transitionary year in 2024. Annual sales were up slightly compared to 2023, and new listings were up significantly year-over-year. Buyers benefited from substantial negotiating power on price, especially in the condominium apartment market. Average selling prices in 2024 dipped in comparison to 2023 as a result.

Annual 2024 home sales amounted to 67,610 – up by 2.6% from 65,877 sales in 2023. New listings, at 166,121, were up by a greater annual rate of 16.4%. Listings increasing by a greater rate than sales provided buyers with considerable choice in the marketplace, which effectively kept a ceiling on any widespread price growth.