{"id":100302,"date":"2024-11-08T10:51:48","date_gmt":"2024-11-08T02:51:48","guid":{"rendered":"https:\/\/iqiglobal.com\/blog\/?p=100302"},"modified":"2026-01-09T15:59:34","modified_gmt":"2026-01-09T07:59:34","slug":"market-insight-latest-trends-q3","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/market-insight-latest-trends-q3\/","title":{"rendered":"Canada Real Estate Market Q3 Update: Trends in Toronto, Vancouver and Quebec Trends Revealed!"},"content":{"rendered":"\n

This article is contributed by Yousaf Iqbal<\/a>, Country Head of IQI Karachi Canada, who brings nearly 11 years of real estate expertise<\/em><\/p>\n\n\n\n

\n\n\n\n

In September 2024, Metro Vancouver experienced a slight decrease in home prices, along with a significant rise in property listings and a decline in sales compared to the previous year. <\/p>\n\n\n\n

In contrast, the Greater Toronto Area saw an increase in sales, although average prices dipped slightly, and new listings grew even more. <\/p>\n\n\n\n

Meanwhile, Quebec showed gains in both sales and new listings, reflecting varied market trends across Canada.<\/p>\n\n\n\n

Toronto<\/h2>\n\n\n\n

Greater Toronto Area (GTA) REALTORS® reported 4,996 sales through the Toronto Regional Real Estate Board (TRREB) MLS® System in September 2024, up by 8.5% compared to September 2023. <\/p>\n\n\n\n

New listings increased by an even greater 10.5% over the same period. The MLS® Home Price Index (HPI) Composite benchmark was down by 4.6% year-over-year. <\/p>\n\n\n\n

The average selling price of $1,107,291 was down by 1% compared to the September 2023 result. <\/p>\n\n\n\n

On a seasonally adjusted month-over-month basis, both the MLS® HPI Composite and the average selling price edged up slightly compared to August 2024.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Vancouver<\/h2>\n\n\n\n

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is
currently $1,179,700. <\/p>\n\n\n\n

This represents a 1.8% decrease from September 2023 and a 1.4% decrease compared to August 2024.<\/p>\n\n\n\n

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,932, a
31.2% increase compared to September 2023 (11,382). <\/p>\n\n\n\n

This is 24.2% above the 10-year seasonal average (12,027). <\/p>\n\n\n\n

Greater Vancouver REALTORS® (GVR) report that residential sales in the region totaled 1,852 in September 2024, a 3.8% decrease from the 1,926 sales recorded in September 2023. This was 26% below the 10-year seasonal average (2,502).<\/p>\n\n\n\n

Quebec<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

Uncover key insights into Canada’s September 2024 real estate trends. Find out what’s driving sales, prices, and listings—read the full update here<\/a>!<\/a><\/mark><\/p>\n\n\n\n

Data extracted in September 2024<\/p>\n\n\n\n

\n
Read more…<\/a><\/div>\n<\/div>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

This article is contributed by Yousaf Iqbal, Country Head of IQI Karachi Canada, who brings nearly 11 years of real estate expertise In September 2024, Metro Vancouver experienced a slight decrease in home prices, along with a significant rise in property listings and a decline in sales compared to the previous year. In contrast, the…<\/p>\n","protected":false},"author":39,"featured_media":66564,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"footnotes":""},"categories":[207,9207],"tags":[263,1611,10268,224],"class_list":["post-100302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ca","category-newsletter","tag-canada","tag-iqi-canada","tag-newsletter","tag-real-estate"],"yoast_head":"\nSeptember 2024 Canada Real Estate Market Update: Toronto, Vancouver and Quebec Trends Revealed!<\/title>\n<meta name=\"description\" content=\"Explore the September 2024 real estate trends in Greater Toronto, Metro Vancouver, and Quebec. 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