In TRREB's latest Market Watch Report that covers Toronto and all of the Greater Toronto Area (GTA), here are some key highlights.
📈 GTA home sales and listings rose in February 2024, with prices also increasing compared to the previous year due to population growth and a strong economy.
🏡 February 2024 saw a 17.9% annual increase in home sales (5,607) and a rise in new listings, offering more choices for buyers in the GTA.
Important to note: the Bank of Canada announced Wednesday that it would hold the key interest rate at 5% again. We’re seeing a balanced market in the City, with greater supply and prices nearly even year-over-year. Sales are on the rise!
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