On February 8, 2024, at TRREB's “2024 Market Outlook and Year in Review,” I learned several key points:

Written By Vittoria Gallone

  1. TRREB predicts a multi-year housing recovery starting in 2024 for the Greater Toronto Area (GTA).

  2. The forecast includes a projection of 77,000 home sales in the GTA for 2024, reflecting an improvement from previous years.

  3. TRREB emphasizes the importance of addressing housing supply issues amidst rising demand to maintain market stability.

  4. Despite a slight decrease in the MLS® Home Price Index Composite and average selling price year-over-year in January 2024, TRREB remains optimistic about the market's resilience.

These insights gave a comprehensive overview of TRREB's outlook for the GTA real estate market in 2024.

For more insights, head to a digital digest and download the full report.

(Source: TRREB’s 2024 Market Outlook & Year in Review with survey results from Ipsos)

Vittoria Gallone

Real Estate Sales Representative

Forest Hill Concept Real Estate Inc., Brokerage

https://vittoriagallone.com
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