Alexi Darelle

Ontario Housing Market Forecast 2024. The greater toronto area (gta) housing market experienced a significant surge in home sales during the month of october 2024 as toronto homebuyers stepped off the. Average home prices in london, ontario, have decreased by 2.9% over the past month to $623,189 for october 2024, which is 1% lower than in october 2023.

Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025. Some 468,900 residential properties are forecast to trade hands via canadian mls® systems in 2024, a 5.2% increase from 2023.