In July 2024 Average Selling Price Dropped by 0.9% compared to July 2023. This is mostly due to number of available homes in the market giving buyers many options which led to little movement in selling prices. 5391 transactions were completed in July 2024. An increase by 3.3% compared to July 2023. In July We had 55.4% more active listings in the market in comparison to last July giving buyers more options to chose from. Properties were on the market for a longer period of time.
It's important to remember, as Bank of Canada Drops interest rates, and affordability improves, more buyers will come to market, leading to tighter market conditions, more competition, higher prices and possibly multiple offers, in the coming months. If you're thinking about purchasing your home, this is the PERFECT time.
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| Attachment | Size |
|---|---|
| July-2024-GTA-Market-Update.pdf | 4 MB |