TRREB Market Report Highlights - November 2024
Lower Interest Rates. Improved Market Conditions.
High Anticipation for Next Year.
- Improvement in Toronto’s Housing Market
- Toronto-area home sales surged 40% in November, driven by lower interest rates and tight market conditions.
- More Choice for Buyers
- We saw 11,592 new listings — up 6.6% from last year.
- Price Watch
- The average selling price reached $1,106,000 - an increase of 2.6 percent from November 2023.
- With borrowing costs easing, experts predict a red-hot spring market in 2025!
Want more details? Check out TRREB's full report here.
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November 2024 vs. November 2023
November 2024 vs. October 2024
Click here to see Toronto Real Estate Board's Full Report
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