Toronto Residential Realtors. Service Beyond The Status Quo
Toronto’s November real estate market was weaker than a year ago. Higher interest rates eroded affordability leading to 11% fewer transactions as new listings increased by 17%. Prices remained stable due to underlying demand from population growth. Prices will likely soften in the coming months as interest rates will not decline until Spring 2024 at…
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Toronto’s September real estate market was as sluggish as it was a year ago – recording the same 1,744 sales. These volumes were 40% less than the 2018-2023 five-year average for September transactions. Compared to a year ago, prices were higher with freehold properties increasing 7% while condo apartment prices slid by 5%. Looking ahead, the market…
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