November Greetings to Our Valued Clients,

November has arrived, and Toronto’s real estate scene is buzzing with energy! October was an action-packed month, with home sales volume shooting up by a whopping 44.4% compared to

last year. That’s right—6,658 transactions closed as buyers jumped back in, lured by lower interest rates and a tantalizing rumor that another cut might be just around the corner in December.

New listings crept up 4.3%, and while prices nudged to an average of $1,135,215, homes are still selling at a brisk pace, staying on the market for only about 27 days.

The rental market is making waves, too! Condo leases volume jumped by 38% year-over-year, hitting a record high as Toronto’s population booms.

With more rental options available, renters are finding a bit of breathing room as rents hold steady at $2.84 per square foot.

As we cozy up to winter, keep an eye on possible tax breaks and interest rate cuts that could warm up the market even more.

Dash has your back with the latest updates and real estate needs—stay tuned for what’s next in Toronto’s real estate adventure!

Enjoy reading the rest of our November 2024 Market Report

Your real estate partners,

DASH Property Managemen