In 2024, home sales reached 67,610, a 2.6% increase from 2023, while new listings rose by 16.4% to 166,121. This increase in listings provided buyers with more options, limiting price growth. The average selling price for homes was $1,117,600, a slight decline from 2023. Sales of single-family homes increased, but condo sales decreased, particularly affecting first-time buyers. In December 2024, GTA home sales were down slightly, with new listings continuing to rise. Overall, market conditions were influenced by consumer sentiment and government policies.
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