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Is stability finally within reach in the GTA’s housing market?

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ComFree

December 19, 2024

The Greater Toronto Area real estate market is showing signs of recovery, although uncertainty persists. According to the Toronto Regional Real Estate Board’s latest Market Watch report, home sales have risen by 40.1% year-over-year, signaling a potential rebound. However, the market remains uneven, with fluctuating prices, modest growth in new listings, and cautious behavior from both buyers and sellers. These trends suggest the market is in a transition phase, moving away from recent volatility caused by inflation and high borrowing costs, and gradually approaching stability.

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