2024 Market Review
As we navigate through this challenging Real Estate market, there is much to review, analyze and consider for the year ahead. The economy is moderating, the BoC is supportive by cutting rates aggressively, and real estate prices remain a moving target. Adding to the noise are concerns about a Trump effect, slow down in China… What’s next?
In our 2024 Market Review we offer useful market trend data for both ICI and Residential land sales. Our outlook focuses on finding opportunities that are better tailored to meet the current market challenges. The breakdown of each sector is available in the links at the bottom of this article.
GTA & GGH Market as a whole: 2024 we finished with a total of $8.7 Billion in transaction volume for ICI & Residential land sales, that’s 25.6% below the 10 year average and it was the 3rd worst performing year in total dollar volume, in the last 10 years.
2025 Watch List: Possible new US Tariffs, Capital Gains rate changes, a study underway by The Fed’s considering new Taxes on Vacant Residential Land, and the impact of New Immigration Policies.
Looking Ahead: Change can create opportunity, and we are focused on sourcing those opportunities as the develop. Our team are active market participants covering the GTA & GGH markets. We provide insightful research and analysis as part of our core service, providing you with the necessary information to make well informed decisions.
Feel free to reach out to us with any questions you may have. We will be happy to assist you with your projects.
For further reading: