Toronto Real Estate Market Update | September 2024

Let's talk about Toronto Real Estate!

September 2024 saw a positive trend in the GTA housing market, with home sales increasing by 8.5% compared to September 2023. TRREB also reported a 10.5% rise in new listings, with 18,089 homes entering the market, indicating increased activity. Favourable market conditions and improved affordability are encouraging more buyers to re-enter the market.

The average selling price in September was $1,107,291, slightly down from last year’s $1,118,215. However, the price adjustments are particularly benefiting buyers in more affordable segments like condominiums and townhouses.

Join Alex as he provides his insights on what we are seeing in Toronto Real Estate Market, as he breaks down the latest stats 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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