Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA marketplace, with annual growth in new listings outstripping that of sales. The better-supplied market meant that buyers also benefitted from a slight relief in selling prices on average.
On Wednesday, July 24, 2024, the Bank of Canada reduced its target once again for the overnight lending rate from 4.75% to 4.5%.
Canadian lenders are cutting fixed mortgage rates following a drop in bond yields.
A new report says condo rents in Canada's mostly densely populated region have dipped for the first time in three years.
Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions tighten.MLS® Disclaimer
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Last Updated: September 22, 2026 2:31 AM UTC
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