Market Report Update!
Population growth and economic resilience in the Greater Toronto Area continue to drive housing demand.
Despite higher prices, borrowing costs tempered sales compared to 2021 records. In Feb '24, 5,607 GTA home sales surged by 17.9% YoY, with new listings also on the rise, offering increased choice for buyers.
While monthly adjustments show stable prices, sales dipped after two consecutive increases.
The MLS® HPI Composite benchmark nudged up by 0.4%, with an average selling price of $1,108,720. Seasonally-adjusted, both indicators see a modest monthly increase.
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