Real Estate Connection

According to the latest report by the Toronto Regional Real Estate Board (TRREB), home sales in the GTA climbed by 3.3% this July compared to July 2023. Additionally, buyers benefitted from more options, with new listings up 18.5% and active listings up a whopping 55.4%. As a result, the better-supplied market offered Toronto buyers greater choices and a slight relief in average selling price down to $1,106,617, a decrease of -0.9%.

“It was encouraging to see an uptick in July sales relative to last year. We may be starting to see a positive impact from the two Bank of Canada rate cuts announced in June and July. Additionally, the cost of borrowing is anticipated to decline further in the coming months. Expect sales to accelerate as buyers benefit from lower monthly mortgage payments,” said TRREB President Jennifer Pearce.

🔴JUST SOLD🔴

📍75 Florence Avenue

𝘾𝙖𝙢𝙚𝙧𝙤𝙣 𝘼𝙗𝙗𝙖𝙨𝙞

𝗗𝗶𝗿𝗲𝗰𝘁: (𝟰𝟭𝟲) 𝟮𝟳𝟳-𝟮𝟮𝟭𝟲
𝗶𝗻𝗳𝗼@𝗰𝗮𝗺𝗲𝗿𝗼𝗻𝗮𝗯𝗯𝗮𝘀𝗶.𝗰𝗼𝗺

𝘄𝘄𝘄.𝗖𝗮𝗺𝗲𝗿𝗼𝗻𝗔𝗯𝗯𝗮𝘀𝗶.𝗰𝗼𝗺