GTA NOVEMBER MARKET: SOFTER SALES AS BUYERS WAIT FOR ECONOMIC CLARITY
05 Dec
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Buying
November brought a quieter month across the Greater Toronto Area (GTA) resale market, with sales, new listings, and average prices all trending below last year’s levels. Many potential buyers remained on the sidelines, waiting for more stability in the broader economy before making a move. Market Overview “There are many GTA households who want to […]
LOOKING AHEAD THIS NOVEMBER – WHAT’S HAPPENING IN THE MARKET?
05 Dec
|
Buying
The Greater Toronto Area (GTA) housing market experienced a decline in sales in November 2023 due to high borrowing costs and uncertain economic conditions. However, the number of listings increased from last year’s supply. The market saw flat selling prices year-over-year, as inflation and elevated borrowing costs impacted affordability. The housing market is sensitive to […]