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Housing Market Insight February 2024

February 2024 – GTA Housing Market News



Here is our quick market update for the Toronto Real Estate Board and Milton area.

We’ve noticed an uptick in both the number of offers and overall market activity as we approach the spring season. This surge is largely attributed to the widespread belief among consumers that the Bank of Canada has capped its interest rate hikes, with expectations leaning towards a decrease in rates throughout the year. This shift has bolstered consumer confidence, spurring demand in the market. Consequently, well-priced and attractive homes are now frequently receiving multiple offers. However, it’s important to note that February often serves as a transitional period, moving from the typically slower winter months into the bustling spring market. This makes it a somewhat challenging time to fully assess market trends. As we move into spring, it will be fascinating to see how these dynamics evolve.

We’re here to keep you informed and up-to-date, so please don’t hesitate to reach out if you have any questions.

By: Maggie Barnett

Milton Real Estate Market

The average price in Milton $1,106,624

Burlington Real Estate Market

The average price in Burlington $1,117,004

Oakville Real Estate Market

The average price in Oakville $1,575,436

The average price in GTA $1,108,720

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

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