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Greater Toronto Real Estate Housing Market Update

May 2024 | Toronto Real Estate Housing Market Update

April 2024 | Toronto Real Estate Housing Market Update

April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year.More...


April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year. 

Greater Toronto Area (GTA) REALTORS® reported 7,114 sales through the Toronto Regional Real Estate Board (TRREB) MLS® System in April 2024 – down by 5% compared to April 2023. 

New listings were up by 47.2% over the same period. On a seasonally adjusted monthly basis, sales edged lower while new listings were up compared to March. 

The MLS® Home Price Index (HPI) Composite benchmark was down by less than one per cent per cent year-over-year. The average selling price was up by 0.3% to $1,156,167. On a seasonally adjusted month-over-month basis, the MLS® HPI Composite was up by 0.4% and the average selling price was up by 1.5% compared to March.

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Real Full TRREB Market Stats Report

March 2024 | Toronto Real Estate Housing Market Update

March 2024 home sales were lower than March 2023, a result due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared to last year, there was enough competition between buyers to see a moderate increase in the average March home price compared to last year’s levels.More...


March 2024 home sales were lower than March 2023, a result due in part to the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market compared to last year, there was enough competition between buyers to see a moderate increase in the average March home price compared to last year’s levels.

The MLS(R) Home Price Index (HPI) Composite benchmark was up by 0.3% year-over-year. The average selling price was up by 1.3% to $1,121,615. On a seasonally-adjusted month-over-month basis, the MLS(R) HPI Composite was up by 0.2% and the average selling price was up 0.7% compared to February.

There were 6,560 sales in March 2024 - down by 4.5% compared to March 2023. On a seasonally, adjusted basis, sales were down 1.1%.

New listings were up by 15% over the same period. New listings were down by 3% compared to February.

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Read Full TRREB Market Stats Report

February 2024 | Toronto Real Estate Market Update

Home sales and new listings in the Greater Toronto Area (GTA) were up on an annual and monthly basis in February 2024. Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support the overall demand for housing. Higher borrowing costs kept home sales below the February sales record reached in 2021.More...


Home sales and new listings in the Greater Toronto Area (GTA) were up on an annual and monthly basis in February 2024. 
Selling prices also edged upward compared to a year earlier. Population growth and a resilient regional economy continued to support the overall demand for housing. Higher borrowing costs kept home sales below the February sales record reached in 2021.

There were 5,607 GTA home sales reported through TRREB’s MLS® System in February 2024 – an increase of 17.9% compared to February 2023. Even after accounting for the leap year effect, sales were up by 12.3% yearover-year.

New listings were up by an even greater annual rate than sales in February, pointing to increased choice for buyers. On a seasonally adjusted month-over-month basis, February sales were lower following two consecutive monthly increases while new listings were flat. Monthly figures can be somewhat volatile, especially when the market is approaching a transition point.

Home selling prices in February 2024 remained similar to February 2023. The MLS® Home Price Index Composite benchmark edged up by 0.4%. The average selling price of $1,108,720 increased by a modest 1.1%. On a seasonally-adjusted monthly basis, both the MLS® HPI Composite and the average selling price edged upward.

Take advantage of the thriving housing market in the Greater Toronto Area! Find your dream home or capitalize on the demand by listing yours today.

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Read Full TRREB Market Stats Report

January 2024 | Toronto Real Estate Housing Market Update

Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed-rate mortgage products.More...



Home sales were up in January 2024 in comparison to January 2023. This annual increase came as some homebuyers started to benefit from lower borrowing costs associated with fixed-rate mortgage products.

New listings were also up year-over-year but by a lesser annual rate compared to sales. The resulting tighter market conditions when compared to the same period a year earlier, potentially points toward renewed price growth as we move into the spring market.

There were 4,223 sales reported through TRREB’s MLS® System in January 2024 – an increase of more than one-third compared to January 2023. The number of new listings was also up year-over-year but by a lesser annual rate of approximately 6%.

Stronger sales growth relative to listings suggests buyers experienced tighter market conditions compared to a year ago. On a month-over-month seasonally adjusted basis, both sales and new listings were up. Sales increased more than listings which means market conditions tightened relative to December 2023.

The MLS® Home Price Index Composite in January 2024 was down by less than 1% year-over-year in January. The average selling price was down by one per cent year-over-year to $1,026,703. On a month-over-month seasonally adjusted basis, both the MLS® HPI Composite and the average selling price also trended lower.

If you or someone you know is looking to buy or sell, connect with me as I’d love to Make A Difference For You!

Read Full TRREB Market Stats Report