Greater Toronto home sales rose 11.5 per cent last month compared with December 2022 as the Toronto Regional Real Estate Board says it expects 2024 to bring a rebound in activity following a year plagued by unaffordability.
The board's chief market analyst Jason Mercer says those who were able to participate in the market last year benefitted from more choice, allowing many of them to negotiate lower selling prices. He says lower borrowing costs expected in 2024 could create tighter market conditions, contributing to price growth.
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