Toronto-area home sales expected to rise 12% this year, but real estate board says January saw drop
The Toronto Regional Real Estate Board says it is forecasting a 12.4 per cent increase in home sales for 2025, with 76,000 properties changing hands throughout the region as lower borrowing costs lead to improved affordability.
The board expects the average selling price to reach $1,147,000, up 2.6 per cent compared with last year, with stronger price growth for single-family homes.
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