TRREB Market Report Highlights - October 2024
Interest Rate Cuts. An Improvement in Market Activity.
Buyers Moving Off the Sidelines.
- Buyers Are Back in Action
- With the Bank of Canada easing interest rates, more buyers are jumping off the sidelines and making their moves. October saw a notable surge in market activity, bringing fresh energy to the GTA!
- Home Sales on the Rise
- October recorded an impressive 6,658 home sales, a remarkable 44.4% increase compared to this time last year. The interest is real, and so is the competition!
- More Options for Buyers
- We saw 15,328 new listings — up 4.3% from last year. This means more choice for buyers, providing a bit of balance as demand increases.
- Price Watch
The average selling price edged up by 1.1%, reaching $1,135,215. With a range of inventory available, this balance is expected to keep price growth steady.
Want more details? Check out TRREB's full report here.
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October 2024 vs. October 2023
October 2024 vs. September 2024
Click here to see Toronto Real Estate Board's Full Report
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