Category Market Reports

The Greater Toronto Area, like other real estate markets across the country, has seen a significant decline in sales activity over the last two years, with resale units down 38% in 2022 and a further 12% in 2023. Through the first quarter of 2024, a pickup in activity is occurring, with sales up 11% compared to the start of 2023.

After a strong spring market last year, rate hikes in June and July pushed buyers back to the sidelines, with inventory nearly doubling during the the second half of 2023. To start the new year, sales activity has been strong with resale inventory falling back to balanced market levels.

Windsor & Essex County, like other real estate markets across the country, saw a significant decline in sales activity over the past two years, with resale units down 25% in 2022 and a further 16% in 2023. To start 2024, inventory and sales activity is in line with where it stood one year prior.

An opinion piece based on historical transaction data from each of Ontario’s real estate boards. Ontario is the largest and fastest-growing province in Canada, representing almost half of our national population and expected to surpass...