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Toronto real estate: Market may have 'woke up from slumber' but soft prices will persist, RBC says toronto.ctvnews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from toronto.ctvnews.ca Daily Mail and Mail on Sunday newspapers.
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. ....
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. ....
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. ....