Signs of improvement in the GTA housing market were noted in September, with sales reaching 4,996, a slight increase from August but down from July. This marks an 8.5% rise compared to September 2023, attributed to more affordable conditions from interest rate cuts. Detached homes saw a 10.5% year-over-year increase in sales, while condos remained flat. New listings rose by 10.5%, enhancing buyer negotiating power. The average selling price decreased by 1% year-over-year, with ongoing reforms in mortgage lending expected to further support market recovery.
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