11/14/2024
GTA Market Update – October 2024
Home sales jumped 44% year-over-year, with new listings up by 4.3%.
Average home prices went slightly up by 1.1%, now at $1.13M.
Lower interest rates have brought buyers back, but there’s still good inventory.
TRREB notes price growth may pick up by spring 2025.
Policymakers are encouraged to address affordability with tax cuts for new homes under $1M.
Contact me if you want to discuss how these changes impact your real estate goals!
GAGANDEEP LALL
416-662-7224