Market Trends - Condo Ambassador

GTA Condo Market Report Q4 2024: Sales Surge, Prices Adjust, and Inventory Expands

by Ava Cui | Mar 8, 2025 | Buying a Condo, Market News and Updates, Market Trends, Renting a Condo, Selling your Condo | 0 |

In Q4 2024, the Greater Toronto Area (GTA) condo market experienced notable shifts, with sales increasing by 25.5% year-over-year, signaling improved affordability and buyer confidence. Despite the sales growth, average prices dipped by 1.6% to $689,198, while active listings surged by 43%, giving buyers more negotiating power. Market trends varied by region, with Downtown Toronto favoring smaller units for young professionals, while North York and Mississauga saw stronger demand for larger living spaces. Additionally, a record-breaking 29,800 new condo completions put downward pressure on rental prices, particularly for smaller units, though demand for three-bedroom units remained steady. As the market continues to evolve, shifting buyer preferences and economic factors will play a key role in shaping future trends.

March GTA Housing Market Review

by Ava Cui | Apr 9, 2024 | Market News and Updates, Market Trends | 0 |

Based on the data from Toronto Regional Real Estate Board, we will break down the data into key components and analyze each in terms of its implications on the market dynamics, buyer and seller behavior, pricing trends, and...

February GTA Housing Market Review

by Ava Cui | Mar 20, 2024 | Market Trends | 0 |

Is the GTA housing market experiencing a surge in activity compared to last month? Are we currently in a more active market, making it a favorable time to buy a home? Let’s delve into the February Housing Market Report released by the Toronto Regional Real Estate Board.

House Market Rebounded January? GTA House Market Watch

by Ava Cui | Feb 19, 2024 | Market News and Updates, Market Trends | 0 |

Toronto’s real estate market has been changed dramatically especially since covid pandemic and interest rate surge. Here is the summary and outlook of the housing market beginning of 2024

Canadian Rental Market Roar and Soar 2023-Rental Report Highlights

by Ava Cui | Jan 23, 2024 | Market News and Updates, Market Trends | 0 |

The Rentals.ca National Rent Report for January 2024, authored by Urbanation, provides a comprehensive analysis of the Canadian rental market. Here’s an analytical overview of the key findings and trends highlighted in the report

Further Significant Deterioration in Q3 Canada’s Housing Affordability

by Ava Cui | Dec 20, 2023 | Market News and Updates, Market Trends | 0 |

Housing Affordability of Canada especially Vancouver and Toronto have been an issue in last decade. It is getting even worse according to the Housing Affordability Monitor of National Bank of Canada.

CMHC found: Delayed Downsizing of Seniors

by Ava Cui | Dec 7, 2023 | Market News and Updates, Market Trends | 0 |

As individuals age, many seniors often find themselves opting for a downsized living environment as a practical and strategic lifestyle choice. The decision to downsize is driven by a combination of factors such as more manageable living space and financial consideration. This behavior had been found changed by CMHC’s recent research

GTA New Condo Sales Remain Near 20-Year Low in Q3 by survey of Urbanation

by Ava Cui | Nov 29, 2023 | Market News and Updates, Market Trends | 0 |

GTA’s new condo sales market has been booming in recent years. However, current insights show that the market is experiencing a sudden change. Don’t be surprised by this shift.