{"id":101860,"date":"2024-12-09T16:38:44","date_gmt":"2024-12-09T08:38:44","guid":{"rendered":"https:\/\/iqiglobal.com\/blog\/?p=101860"},"modified":"2025-03-03T09:56:31","modified_gmt":"2025-03-03T01:56:31","slug":"canada-real-estate-insights-toronto-vancouver-and-quebec-market-trends","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/canada-real-estate-insights-toronto-vancouver-and-quebec-market-trends\/","title":{"rendered":"Canada Real Estate Insights: Toronto, Vancouver, and Quebec Market Trends"},"content":{"rendered":"\n

This article is contributed by Yousaf Iqbal, Country Head of IQI Canada<\/em><\/p>\n\n\n\n

\n\n\n\n

In October 2024, the Greater Toronto Area saw a strong increase in sales and new listings, although the overall price index declined. Meanwhile, Metro Vancouver experienced a rise in sales, but home prices continued to fall. Quebec’s real estate market observed increased listings but a slight dip in sales, reflecting a shift in supply and demand dynamics. These trends indicate a dynamic market where sellers are more active, yet price adjustments are ongoing across these regions. The overall landscape reflects a balance of strong demand and evolving market conditions.<\/p>\n\n\n\n

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

Greater Toronto Area (GTA) REALTORS® reported 6,658 sales through the Toronto Regional Real Estate Board(TRREB) MLS® System in October 2024—up 44.4% compared to October 2023. New listings also increased by 4.3% during the same period. <\/p>\n\n\n\n

The MLS® Home Price Index (HPI) Composite benchmark dropped by 3.3% year-over-year. However, the average selling price of $1,135,215 marked a 1% increase compared to October 2023. On a seasonally adjusted month-over-month basis, both the MLS® HPI Composite and the average selling price edged up slightly compared to September 2024.<\/p>\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 $1,172,200. This represents a 1.9% decrease compared to October 2023 and a 0.6% decrease compared to September 2024. The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,477, a 24.8% increase from October 2023 (11,599). This is 26.2% above the 10-year seasonal average (11,475). Greater Vancouver REALTORS® (GVR) report that residential sales in the region totaled 2,632 in October 2024, a 31.9% increase from the 1,996 sales recorded in October 2023. However, this was 5.5% below the 10-year seasonal average (2,784).<\/p>\n\n\n\n

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

Want to navigate Canada’s evolving real estate market with confidence? Contact us for tailored insights and advice!<\/mark><\/p>\n\n\n\n

\n
Download here<\/a><\/div>\n<\/div>\n\n\n\n

<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

This article is contributed by Yousaf Iqbal, Country Head of IQI Canada In October 2024, the Greater Toronto Area saw a strong increase in sales and new listings, although the overall price index declined. Meanwhile, Metro Vancouver experienced a rise in sales, but home prices continued to fall. Quebec’s real estate market observed increased listings…<\/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":[],"class_list":["post-101860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ca","category-newsletter"],"yoast_head":"\nCanada Real Estate Insights: Toronto, Vancouver, and Quebec Market Trends - IQI Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iqiglobal.com\/blog\/canada-real-estate-insights-toronto-vancouver-and-quebec-market-trends\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada Real Estate Insights: Toronto, Vancouver, and Quebec Market Trends\" \/>\n<meta property=\"og:description\" content=\"This article is contributed by Yousaf Iqbal, Country Head of IQI Canada In October 2024, the Greater Toronto Area saw a strong increase in sales and new listings, although the overall price index declined. 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