MACKEY & McCORMICK - Facts & Figures December 2024

2024 – A Transitional Year for the GTA Housing Market

The 2024 Greater Toronto Area housing market was marked by shifting dynamics that gave buyers more negotiating power, according to the latest market report from the Toronto Regional Real Estate Board (TRREB).

Annual sales saw a modest increase compared to 2023, while new listings surged significantly year over year. This influx of listings provided buyers with considerable leverage in price negotiations, particularly in the condominium apartment market. As a result, average selling prices in 2024 experienced a slight decline compared to the previous year.

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Featured Properties

208-2333 Khalsa Gate - Oakville APTU for rent, 2 Bedrooms

Recently Sold Properties

20 DUNCAN DR, GEORGETOWN, ON

List Price $599,000

*Buyer Transaction

2134 BERRYMAN CRT, BURLINGTON, ON

List Price $1,799,000

2175 MARINE DR #301, OAKVILLE, ON

List Price $999,900

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