Toronto Home Sales Surge by 14%

12 Nov 2024 CW Team

Toronto’s housing market experienced a notable increase in activity, with home sales rising by 14% year-on-year in October 2024, according to data from the Toronto Regional Real Estate Board (TRREB). This growth in sales is attributed to strong demand, favorable interest rates, and a relatively stable economic backdrop. However, despite the sales uptick, the city is facing challenges with constrained housing supply, which is causing upward pressure on prices. The average selling price of homes also saw a moderate increase, reflecting the combined effect of steady demand and limited inventory.

Real estate experts indicate that buyers are actively entering the market, driven by confidence in the local economy and improved financial conditions compared to previous years. The city’s condo market remains a major contributor, appealing to both first-time buyers and investors due to relatively affordable pricing compared to single-family homes. Additionally, new listings in Toronto have risen, yet they still fall short of the demand levels, creating a competitive environment where properties are sold quickly.

TRREB noted that while sales have improved, affordability concerns persist due to escalating prices and limited stock. The report highlights a need for policies aimed at increasing housing supply to ensure the market remains accessible. Experts suggest that sustainable growth in Toronto’s housing sector depends on a balance between supply expansion and demand regulation.

Looking ahead, market analysts anticipate that Toronto’s real estate landscape may continue to experience fluctuations in supply and demand dynamics, depending on economic trends and interest rate adjustments. This sales surge reflects ongoing resilience in Toronto’s housing market and highlights the city’s attractiveness as a stable and prosperous environment for property investment.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..