Toronto’s real estate market showed continued signs of recovery in November, following slower sales during the first three quarters of the year. Transactions in November were 39% higher compared to November 2023, with detached properties leading the way. Prices for freehold properties increased by approximately 5%, while condominium prices experienced a slight decline. The real…
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Cautious Optimism
Toronto’s January real estate market started with a whimper. Sales transactions were down signifcantly across all housing types as the central bank increased interest rates for the eighth time since the beginning of 2022. Toronto’s average property price dipped under $1M for the first time since February 2021 as freehold prices declined by over 20% compared to January 2022. Despite the gloom in January,…
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