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