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December 2023 Real Estate Market Update

Market Report Update! ⁣

In 2023, surging demand, fueled by record immigration, shifted attention to rentals. GTA home sales dipped below 70k due to affordability challenges from high mortgage rates. Despite a spring-summer uptick, new listings declined, raising concerns amid population growth.

The average selling price held at $1,126,604, a 5.4% decline, yet displayed resilience with monthly increases., yet showcasing resilience with monthly increases.

Are you wondering what this means for the value of your home? Dm us @boltonandclements and we'll provide you with expert advice on what this means to you specifically.


Are you wondering what this means for the value of your home?


Give us a call on 416-786-0035 or dm @boltonandclements and we'll provide you with expert advice on what this means to you specifically.


Yours in real estate,

Bolton & Clements Real Estate Group

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