Inflation, Interest Rates, and Real Estate: How They Shaped Toronto in 2024 | Toronto Real Estate

Subscribe to my channel ‪‪‪‪‪‪@livinglocalwithfaryal‬ for more Neighbourhood Tours, Real Estate Tips, Home Tours, Market Updates, and Just Listed Homes! Curious about how the Toronto real estate market performed in 2024? 🏡 In this video, I break down the latest real estate market update for the Greater Toronto Area (GTA). Here’s what you’ll learn: December market stats 📊 How inflation, interest rates, and unemployment shaped the market 🌟 Year-over-year and month-over-month changes in sales, listings, and prices Insights into new mortgage rules and their impact on affordability Predictions for 2025 and when we can expect a more active market If you’re a buyer, seller, or just keeping tabs on Toronto’s real estate market, this video will give you valuable insights into average home prices, inventory trends, and economic factors. Let’s navigate these changes together! 00:00 Introduction 1:10 Greater Toronto Area Market Stats December 2024 02:12 Months of Inventory 04:45 Active Listings 06:19 Average Home Prices in Greater Toronto Area 08:36 Homes Sales 10:27 Economic Factors 10:28 Canada Interest Rate 11:32 Canada Inflation Rate 11:59 Canada Unemployment Rate 12:37 Housing Supply & Housing Starts 14:38 New Mortgage Rules 16:13 Consumer Behaviour 2024 16:45 Market Predictions 2025 #torontorealestate #interestrates #homebuyers