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January 2024 Markets Stats are IN
And you might be surprised to see these numbers...
This first month of 2024 is the perfect peek into the amount of market activity that’s starting to come out of the woodwork. With prices showing minimal (single digits) drops across most communities, and number of sales and number properties listed climbing by nearly 33% on average across the city of Toronto last month vs February 2023.
After months of cautious optimism and careful consideration, the warm winter temps and market conditions have brought motivated buyers back out to the field!
Toronto Condos saw a near 65% increase in # of sales vs. Jan 2023, Kudos to those first time buyers making the most of these buyer-friendly conditions and curbing those climbing rental rates.
Looking for a personalized market overview of your neighbourhood? Or keen to find out what opportunities are right outside your door? Go to our BLOG - link in bio - to see neighbourhood specific stats.
Or, drop us a line, whether you’re in the dreamboard phase or seriously considering your next move, now is a very good time to talk strategy!
Want to see more about specific area’s of the GTA
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