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