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Toronto Real Estate Market Update: Detached Houses vs Condos | Q1 2024 Analysis
In this data-driven episode, we delve into the current state of the Toronto real estate market, focusing on detached houses and condos. With insights spanning from 2022 to the end of the first quarter of 2024, we explore sales volume and average prices to decipher emerging trends.
For detached houses, the market saw a remarkable recovery in sales volume by Q1 2024, with prices bouncing back to levels reminiscent of March 2023. Anticipating further upward momentum, especially with potential rate cuts, we examine the market's resilience and potential for growth.
Conversely, the condo market presents unique challenges, marked by a surge in new occupancies and the impact of high interest rates. Despite increased sales activity, prices have been under pressure, albeit showing signs of a slow and steady recovery by early 2024.
Join us as we dissect the intricacies of both markets, offering valuable insights for buyers, sellers, and investors alike. Stay tuned for updates on upcoming rate announcements from the Bank of Canada and their potential impact on Toronto's real estate landscape.
Don't miss out on crucial market analysis and predictions - hit subscribe and ring the bell for notifications to stay informed on the latest developments in the Toronto real estate market.
Your videos are all so good and informational with details and data but still easy to understand. I must watch them as soon as I see them. 👍👍👍
Downtown condo market is extremely slow and no offer even price marked at below market value and location is superb
True condos are not selling. Too much supply.
RE feeling slowww
Look out below. When rates are cut the expectation is for prices to rise. It is counterintuitive but when rates go down prices will go down sales will go down. All down.
rate hike coming
Wrong.
赞一个
No rate cut in April
I know people buying in calgary right now..guess homes are really cheap there
We all know where it's heading, and it's not up!
It's funny how he is trying to create FOMO 😂😂😂. Buddy, get a real job.
You are not going to get a rate cut.
Toronto will be the next Detroit! GMC is gone. Nothing can support its economy, and if you look at its huge debt and budget deficit, it is scary. Don’t know why people are keep spending millions of dollars for a worn down house there. TSX is the only thing left there. But I doubt TSX alone can support that city’s huge spending year after year. Tech companies can and will move out because of the huge rent. Commercial real estate is on a continuing decline. Again the main thing is the economic outlook of that city.
do not vote Justin t
It's funny how he is trying to create FOMO