GTA Home Sales To Surge 17% In 2024, Condo Rental Market To Loosen

TRREB forecasts a rebound in the Greater Toronto Area's housing market in 2024, with sales expected to rise by 17%. Mortgage rates will be a key factor, and an influx of newcomers will drive demand. However, lack of housing supply remains a significant issue. The condo rental market may see some relief, but high rents are expected to persist due to limited supply.

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