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JULY 2024 MARKET STATS 🚀📈

⭐️ July 2024 home sales in the GTA rose by 3.3% compared to July 2023, with 5,391 homes sold.

⭐️ New listings surged by 18.5% year-over-year, providing buyers with more choices and contributing to slightly lower average selling prices.

⭐️ Positive effects from recent Bank of Canada rate cuts are starting to show, with expectations of further borrowing cost declines potentially boosting future sales.

📞 Got questions about the market. Contact Showtime @ (647) 295-4661

RE/MAX Community Realty Inc., Brokerage