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Toronto real estate: Market may have woke up from slumber but soft prices will persist, RBC says

Toronto real estate: Market may have woke up from slumber but soft prices will persist, RBC says
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Rachel battagliaRobert hoguePhil sopherToronto region real estate boardRoyal lepageRoyal lepage president

Toronto real estate: Market may have woke up from slumber but soft prices will persist, RBC says

Toronto’s real estate market may have “woke up from its slumber” as 2023 drew to a close but the trend of higher resale activity will have to persist for several more months before it leads to a rebound in prices, a new report from RBC suggests.

Phil sopherRachel battagliaRobert hogueToronto region real estate boardRoyal lepageRoyal lepage president

What s in store for Toronto s housing market in 2024?

Skyrocketing borrowing costs coupled with economic uncertainty left many potential homebuyers in the GTA sitting on the sidelines in 2023. But sluggish Toronto home sales may not be the story for 2024 if the Bank of Canada follows through with expected interest rate cuts this year, industry analysts say.

Leah zlatkinCameron forbesJason mercerPhil sopherPaul baronRe max realtron realtyToronto regional real estate boardGreater torontoRegional real estate boardPresident paul baronRoyal lepageMax realtron realty

Here is what may be in store for Toronto s housing market in 2024

Skyrocketing borrowing costs coupled with economic uncertainty left many potential homebuyers in the GTA sitting on the sidelines in 2023.

Phil sopherCameron forbesPaul baronJason mercerLeah zlatkinRe max realtron realtyToronto regional real estate boardGreater torontoRegional real estate boardPresident paul baronRoyal lepageMax realtron realty

Home prices in Toronto could rise significantly next year

Toronto’s real estate market is expected to rebound in 2024 after the higher cost of borrowing weighed on sales over much of the past year, according to a market survey forecast by Royal LePage.

Phil sopherFederation of providers ontarioLand development associationRoyal lepageNew yearHousing action planBuilding industryRental housing providersToronto region real estate