Toronto Housing Market 2024. Real estate firm royal lepage is forecasting a six per cent rise in the average home price in the greater toronto area by the end of 2024, and a 4.5 per cent rise in ottawa. The report said toronto had the lowest rent growth among major regions at 2.7 per cent, down from 8.8 per cent in 2023, which it attributed to rising vacancy rates and having the.
Canada’s housing market in fall 2024 continues to be marked by significant regional disparities. In 2024, average home prices in toronto are hovering around $1.1 million.