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A study identified top neighbourhoods in growing real estate markets based on key livability factors.A featured neighbourhood, Old Town, offers historic landmarks, walkability, and excellent access to public transit.

Toronto-area home sales in Mid-Q3 2024 dropped 5.3% yearly, with 4,975 homes sold. Average home prices in the Greater Toronto Area decreased by 0.8%, reaching ~$1.1M in Mid-Q3.

Canadian Real Estate sales are stable but remain 5% below 2019 levels, reflecting slow growth. Inventory is rising faster than sales, gradually easing market pressure without oversaturating the market.

Toronto's housing market remains sluggish due to strained affordability and higher borrowing costs. Condo and detached home listings surged in Early-Q3, with active condo listings up 64% yearly.

Rent prices in Toronto are falling due to a significant surge in new home construction. Toronto's rental market saw a 6% drop in one-bedroom rents and a 5% drop in two-bedroom rents.

The GTA saw the central bank reduce rates, but it hasn't spurred significant market activity yet. GTA sales and new listings were slightly lower in Early-Q3 compared to Late-Q2.

Toronto home prices are forecasted to continue rising, possibly reaching record levels by 2025. This prediction is fuelled by several factors, including a persistent housing shortage and unwavering demand from buyers.