West Toronto Freehold Market Report - November 2024

Overall, the freehold market in West Toronto is looking stable and relatively healthy.
Sales volume is way up - 50.30% YOY. Keep in mind, that 2023 had the lowest sales volume of any November over the past 10 years.
New listings were flat YOY - 365 this year versus 363 last year.
Active listings was up 22% this year, but with the increase in sales volume more inventory was absorbed.
The sales-to-new listing ratio was 50.10% - the highest it’s been since Q1 2024.
The average sale price was up 15% - but this is derived from a small dataset. More importantly (and more accurately) the average sale price is up 2.8% year to date compared to the same period in 2023.
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[@-Nab-]

There’s probably a lot of pent up demand from buyers that have been waiting 1.5 to 2 years for interest rates to be lower