Toronto Real Estate Market Update | June 2024

Let's talk about Toronto Real Estate!

In June 2024, home sales in the GTA saw a significant drop of 16.4% compared to the same month last year, despite a recent rate cut by the Bank of Canada. Active listings were up 67% year-over-year, leading to a slight dip in the average selling price which now sits at $1,162,167.

According to the Toronto Regional Real Estate Board, buyers remained cautious, keeping their purchase decisions on hold, a trend which may continue until the Fall.

Join Alex as he shares his insights on the Toronto Real Estate Market, breaking down the latest statistics released by TRREB.

If you want to know more about what’s going on in your neighbourhood or one you’re interested in, book a time to chat - we’re here to help.

Alex + Elaine

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