• #0052 - December's Mixed Signals: A Market in Transition

  • Jan 12 2025
  • Length: 7 mins
  • Podcast

#0052 - December's Mixed Signals: A Market in Transition

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  • Summary

  • The Greater Toronto Area housing market ended 2024 with fascinating contradictions. Annual sales reached 67,610 units, up 2.6% from 2023, while new listings surged 16.4% year-over-year. The average selling price settled at $1,117,600, showing a marginal decline from 2023. December specifically saw 3,359 sales, a slight decrease from the previous year, with the average price at $1,067,186. Notable divergence appeared between property types, with detached homes showing resilience while condo apartments experienced more significant price pressures.
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