Sam Knol Realtor

Congrats my my friend and client

Thank you for trusting me with the sale of your home!

Looking forward to the next one!

📊 2024 Toronto Housing Market Recap 🏡

The Toronto housing market had a year of change in 2024! Here’s what you need to know:

✅ Sales: Down 0.10% from 2023, with 25,703 homes sold.
✅ New Listings: Up 15.04%, giving buyers more choice.
✅ Average Price: $1,103,468, up slightly from $1,102,276 in 2023.
🏙️ Condo prices saw more declines, while ground-oriented homes held steady.

💡 High interest rates challenged affordability, but the market got a boost with major Bank of Canada rate cuts in the latter half of the year.

🔮 Looking ahead: More rate cuts and stable prices could lead to a stronger 2025 market.

Another one done! Purchased as an investment property. I also found excellent tenants for the space for my client. They were thrilled with the quality tenants I brought to them. Can also say this was a buyer with confidence in the market. My client plans to have her daughter move in one day rather than buy at a later date when prices have likely gone up.