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2024 was a transitional year in the Toronto real estate market. We saw fluctuations in borrowing costs, economic uncertainty and ultimately more inventory in the housing market. This increased supply and only moderate demand left slight average price declines, particularly in the condo market.
Going into 2025 we can expect decreased borrowing costs but some economic uncertainty may prevent us from experiencing the explosive Toronto market we’ve seen in the past.
I have a very exciting announcement to make over the next few weeks which will provide a further elevated level of service to my clients. Stay tuned for more info! - Andrew.
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