December 2024

in December 2024, GTA home sales totaled 3,359, down 1.8% year-over-year and 43% from November, reflecting typical year-end seasonality. New listings rose 20% to 4,681, offering buyers more choice. The average home price was $1.067M, down 1.6% from the previous year. Detached home prices saw slight declines, while semi-detached and townhomes remained stable. The 905 region, including Oakville, Burlington, and Hamilton, showed resilience, with condos continuing to offer value and negotiating room. Market activity is expected to pick up in early 2025 as buyers anticipate rate cuts.