INFOGRAPHICS: November 2024 TRREB Toronto Market Reports

GTA REALTORS® Release November Stats

Greater Toronto Area (GTA) home sales increased strongly on a yearover-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about by lower borrowing costs. New listings were also up compared to November 2023, but by a much lesser annual rate.
This meant that market conditions tightened, resulting in overall average price growth compared to last year.

“As we approach the end of 2024, I am pleased to report an improvement in housing market conditions. Many home buyers patiently waited on the sidelines for reduced inflation and lower borrowing costs. With selling prices remaining well off their historic peak and monthly mortgage payments trending lower, the stage is set for an accelerating market recovery in 2025,” said Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.

GTA REALTORS® reported 5,875 home sales through TRREB’s MLS® System in November 2024 – up by 40.1 percent compared to 4,194 sales reported in November 2023. New listings entered into the MLS® System amounted to11,592 – up by 6.6 per cent year-over-year. On a seasonally adjusted basis, November sales were up month-over month compared to October.

Read the full report on TRREB website!

The following data is a comparison between November 2024 and November 2023 numbers, and is current as of December 2024. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!