Finding Toronto Real Estate GEMS | Toronto 2024 Forecast Anticipating Soaring Home Prices

Toronto's Real Estate market is set to rebound in 2024 after higher borrowing costs affected sales in the past year.
Royal LePage predicts ↑ 6% in aggregate home prices, reaching an avg of ~$1.2M in 2024.
Single-family detached homes in Toronto are expected to see ↑ 7% in prices, while GTA condos may ↑ 5%.
Despite sales ↓ 30% this year, high housing demand continues, leading to rising costs.
Royal LePage's CEO, foresees steady prices in Q1 2024, expecting ↑ in H2 if the BoC cuts interest rates from a 22-yr high.