Denise Roussel - Re/Max Rouge River Realty

BOC Held At 5% and February GTA Market Report Is Strong!

In February's market report for the Greater Toronto Area (GTA), the average home price experienced a notable increase, reaching $1,108,720, reflecting a 7.99% rise compared to the same period in 2023. The number of home sales also saw a significant uptick, with 5,607 transactions recorded, marking a substantial 32.77% increase from the previous year's figure of 4,754. Additionally, the average days on the market demonstrated a noteworthy decrease, falling to 37 days, representing a notable improvement of 31.48% when compared to the 2023 figure of 33 days. Overall, the February market report for the GTA indicates a robust real estate market characterized by a surge in both average home prices and sales activity, coupled with a decrease in the average days a property spends on the market.

Denise Roussel
RE/MAX Rouge River Realty Ltd
C: 416.688.9541
O: 416.286.3993
E: [email protected]