FEBRUARY 2024 UPDATE: NAVIGATING THE GTA & DURHAM REGION REAL ESTATE MARKET
Posted by Dan Plowman on
FEBRUARY 2024 UPDATE: NAVIGATING THE GTA & DURHAM REGION REAL ESTATE MARKET
Welcome back to our in-depth real estate market update for the Greater Toronto Area (GTA) and Durham Region. February 2024 has brought significant developments:
GTA Market Insights:
Sales Activity: The GTA real estate market experienced a notable upswing in sales activity in February 2024, with home sales and new listings both increasing on an annual and monthly basis. The total home sales through TRREB’s MLS® System reached 5,607, marking a 17.9 per cent increase compared to February 2023. This rise in sales reflects a growing market optimism, with consumers anticipating potential rate cuts and adjusting to the current borrowing landscape.
Home Prices: The average…
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