🇨🇦🏠 TORONTO HOME PRICES DIP 5% AS INVENTORY FLOODS THE MARKET
🔹 Average sold price in Toronto drops to $1.0M in February, down from last year 📉
🔹 Active listings surge to 9,182, giving buyers significantly more negotiating power 🏘️
🔹 Detached homes in the GTA are holding value better, averaging over $1.1M 💰
🔹 Condo market is struggling with 4,885 units sitting unsold and prices softening 🏢
It's officially a buyer's market in the 6ix! If you've been waiting for prices to cool, this might be your window. But with rates still high, affordability remains the biggest hurdle.
Are you buying or selling this spring? 📊🍁
#TorontoRealEstate #GTA #HousingMarket #Condos #HomePrices
@canada
🔹 Average sold price in Toronto drops to $1.0M in February, down from last year 📉
🔹 Active listings surge to 9,182, giving buyers significantly more negotiating power 🏘️
🔹 Detached homes in the GTA are holding value better, averaging over $1.1M 💰
🔹 Condo market is struggling with 4,885 units sitting unsold and prices softening 🏢
It's officially a buyer's market in the 6ix! If you've been waiting for prices to cool, this might be your window. But with rates still high, affordability remains the biggest hurdle.
Are you buying or selling this spring? 📊🍁
#TorontoRealEstate #GTA #HousingMarket #Condos #HomePrices
@canada
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🏘️💰 TORONTO HOMES HIT $1.12M, VANCOUVER REACHES $1.29M
🔹 Toronto average home price up 4.2% year-over-year to $1.12M! 📈
🔹 Vancouver metro average climbs 2.9% to $1.29M benchmark 🏔️
🔹 Toronto detached homes now averaging $1.45M (+3.8% annually) 🏠
🔹 Condo market heating up: Toronto +6.1%, Vancouver +4.2% 🏢
🔹 National average hits $692K, up 5.1% from last year 🇨🇦
Spring market showing strength despite affordability challenges! Immigration targets of 500K/year driving demand while housing starts lag at 240K vs 400K needed. Markets stabilizing around 3.75% rates. 📊
Planning to buy? Act fast in this market! 🚀
#CanadaHousing #TorontoRealEstate
@canada
🔹 Toronto average home price up 4.2% year-over-year to $1.12M! 📈
🔹 Vancouver metro average climbs 2.9% to $1.29M benchmark 🏔️
🔹 Toronto detached homes now averaging $1.45M (+3.8% annually) 🏠
🔹 Condo market heating up: Toronto +6.1%, Vancouver +4.2% 🏢
🔹 National average hits $692K, up 5.1% from last year 🇨🇦
Spring market showing strength despite affordability challenges! Immigration targets of 500K/year driving demand while housing starts lag at 240K vs 400K needed. Markets stabilizing around 3.75% rates. 📊
Planning to buy? Act fast in this market! 🚀
#CanadaHousing #TorontoRealEstate
@canada
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