Home sales in the GTA followed seasonal trends with a slight increase from March, but were down 23.3% year-over-year. Buyers remained cautious, awaiting lower interest rates and more economic certainty.
Home sales in the GTA followed seasonal trends with a slight increase from March, but were down 23.3% year-over-year. Buyers remained cautious, awaiting lower interest rates and more economic certainty.
The Average Selling Price of property in most neighbourhoods continued to stay steady or increase slightly. The seasonal ‘Spring Market’ bump in demand and price hasn’t shown up yet.
New listings rose 8.1% compared to April 2024, offering greater inventory and more options for buyers. This has led to increased price negotiation power.
The Condo market has seen an increase in sales each month since a low in December. Price favours the buyer with a year’s worth of inventory available.
The Toronto Regional Real Estate Board noted that improved affordability, due to lower prices and borrowing costs, helped ease monthly mortgage payments. Consumer confidence could improve further as economic and trade conditions continue to stabilize.
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CarronSkogland Real Estate, with their support team, are dedicated to having your experience around selling your home or finding the perfect property go smoothly with a sense of confidence. With 25plus years of experience in the Greater Toronto Area, you can count on the CarronSkogland Team to give you good, practical and profitable guidance.
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We are proud to support The Maestro Foundation.
The mandate of The Maestro Foundation for Music & Arts Advancement is to support the learning experience of economically challenged children and youth at risk.
Through the Maestro Foundation, kids from our inner city neighbourhoods can take music lessons throughout the school year in a number of programs, attend music camps during school breaks and in the summer and further their music education at the advanced level through a Maestro Foundation scholarship.
If you want to find out more about The Maestro Foundation, click on the ‘For More Information’ button.