GTA REALTORS® Release December 2024 Stats 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. “Borrowing costs were top of mind for home buyers in 2024. High... [read more]

Canada’s housing market continued its upward trend in November 2024, as it recorded gains in both sales activity and prices, according to the latest report from the Canadian Real Estate Association (CREA). This marks the sixth consecutive month of sales growth, further solidifying the market’s recovery since mid-year when the first cut to the overnight lending rate was made. Key urban centers such as the Greater Toronto Area, Greater Vancouver, Calgary, and Montreal all saw... [read more]

October 2024 was a standout month for the Canadian housing market, with home sales reaching their highest levels since April 2022. The surge in activity was widespread, reflecting strong buyer interest in major urban centers and beyond. According to the latest market report from the Canadian Real Estate Association (CREA), home sales recorded a 7.7% increase compared to September, marking the biggest monthly spike in activity in more than two years. The momentum was led by key markets... [read more]