Wondering what the real estate market is looking like for 2024? I got you! Keep reading to learn what remaxcanada had to say in their Housing Market Outlook report for the GTA. 👇 → The average home prices are predicted to drop by 3%, but the number of sales is expected to go up by 10.4%. → The top 3 neighbourhoods in the GTA are Durham due to affordability, Markham/Richmond Hill due to improved affordability, and Downtown Toronto for its accessibility to public transit and walkability. → There’s a decline in condo apartment units because construction costs are surpassing current market values. → Many buyers and sellers are taking a ‘wait-and-see’ approach. Activity is predicted to pick up as interest rates are anticipated to plateau and decrease later in the year. #buyingahome #buyingahouse #housingmarket #housingtrends #markettrends #ontariohousingmarket #homeprices #newlistings #marketoutlook #gtarealestate