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Blog2024-05-21T20:24:02-04:00

GTA Real Estate Market April 2024

In April 2024, GTA home sales dropped 5% year-over-year, while new listings surged 47.2%, providing buyers with more options. The average selling price remained stable, with slight increase compared to 2023. Market conditions are expected to tighten with lower borrowing costs, leading to price growth into 2025.

GTA Condo Market Q1 2024

In Q1 2024, GTA condo sales rose moderately, but listings grew faster, expanding choices and slightly lowering average prices. Anticipate increased sales as interest rates drop, potentially boosting first-time buyer activity and tightening market conditions.

Home Maintenance Tips for Spring

As spring unfolds, homeowners embrace renewal by revitalizing their homes. From roof inspections to lawn care, this comprehensive checklist helps ensure that homes are primed for the rest of the year and beyond. If you are looking to Buy or Sell, partner with Team Kalia for trusted guidance on your real estate journey.

CMHC Housing Market Outlook 2024

The CMHC report predicts home prices matching 2022 peaks by next year, with further increases by 2026. Despite more rental housing in 2023, supply might not meet demand, raising rents. Challenges for builders include financing. Affordability concerns persist despite lower mortgage rates & population growth, likely boosting sales.

GTA Real Estate Market March 2024

March 2024 Toronto home sales declined compared to March 2023. Despite increased listings, buyer competition led to moderate price hikes. The average home price in the GTA for the month of March sits at $1,121K. Improvement in housing supply and affordability remains the need of the hour.

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