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Join us for this highly anticipated, all-day celebration on January 25, 2025. Let’s make it an unforgettable event together!
91% of booths RESERVED. Join us for this highly anticipated, all-day celebration on January 25, 2025. Let’s make it an unforgettable event together!
The Excitement is Building!
77 Esteemed Sponsors have already confirmed their participation in Bay Street Group’s 2025 Annual Gala & Award Ceremony!
How to Run a Successful Real Estate Brokerage Business? — Exclusive Workshop by Vicky Huang
Struggling with High Startup Costs and Operational Challenges?
How to Make It a Profitable and Sustainable Business?
How to Recruit Agents and Generate Leads?
Have You Been Dreaming of Starting Your Own Real Estate Brokerage but Haven‘t Taken the Leap? Join our Exclusive Workshop, custom-tailored just for you!
In October 2024, home sales in the Greater Toronto Area increased strongly year-over-year in October 2024.
In October 2024, home sales in the Greater Toronto Area increased strongly year-over-year in October 2024. Over the same period, new listings were up, but by a lesser annual rate. The result was tighter market conditions compared to October 2023. The average selling price was up slightly on an annual basis.
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The Gallery One-Day Sales Event
Join radmarketing and Bay Street Group for a carefully curated exhibition showcasing the GTA’s finest pre-construction condo projects and unlock unbeatable deals to secure your future home or investment!
Bank of Canada Cuts Key Rate to 3.75% Amid Declining Inflation
On October 23, 2024, the Bank of Canada reduced its key lending rate from 4.25% to 3.75%, marking its fourth consecutive cut since June. This decision follows a decrease in Canada’s inflation rate from 2.7% in June to 1.6% in September, paving the way for further rate reductions to support economic stability.
In September 2024, the average DOM for the condo market in the City of Toronto was 34 days
Condos stayed on the market for an average of 34 days in the Central, while in West Region and East Region, they needed 36 days and 29 days to sell.
In the City of Toronto, detached homes were on the market for an average of 25 days in September
The East Region market was still the hottest, and houses were sold firm within 17 days.
Detached homes needed an average of 24 days to sell in the Central Region and 23 days in the West Region.
Resale Home Market in the City of Toronto (September 2024)
In September, the average selling price for detached in Toronto was $1.69 million, marking a year-on-year decrease of 2.2%, and there was also a 0.4% decrease compared to the previous month. Condo town and condo apart had average selling prices of $830k and $710k, respectively, with year-over-year declines of around 2-3%.
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