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Market Watch
2024
How has the market operated? Click on the Month You are interested in seeing.
Or Scroll to the bottom of the page to see how past quarters have behaved.
JULY AUGUST SEPTEMBER
Prices vs BOC rates
JULY STATS ARE OUT
It is already that time again for me to connect with you for a quick Market Update.
While sales were up from last year, buyers continued to benefit from more choice in the GTA marketplace, with annual growth in new listings outstripping that of sales. The better-supplied market meant that buyers also benefitted from a slight relief in selling prices on average.
“It was encouraging to see an uptick in July sales relative to last year. We may be starting to see a positive impact from the two Bank of Canada rate cuts announced in June and July. Additionally, the cost of borrowing is anticipated to decline further in the coming months. Expect sales to accelerate as buyers benefit from lower monthly mortgage payments,” said TRREB President Jennifer Pearce