Orleans - Cumberland and Area, Ontario, CA358 Property Listings
- Sale
440 Lawler Cres
Orleans - Cumberland and Area, 1101 - Chatelaine Village
321100-1500ft²CA$565,000X11969684 • ROYAL LEPAGE PERFORM...
- Sale
859 Beauregard Cres
Orleans - Cumberland and Area, 1103 - Fallingbrook/Ridgemount
331500-2000ft²CA$650,000X11969641 • KELLER WILLIAMS INTE...
- Sale
851 Galleria Circ
Orleans - Cumberland and Area, 1118 - Avalon East
2+13N/Aft²CA$878,000X11969454 • RE/MAX DELTA REALTY...
- Sale
529 Turtle Island Cres
Orleans - Cumberland and Area, 1118 - Avalon East
43N/Aft²CA$899,900X11966849 • ROYAL LEPAGE TEAM RE...
- Sale
501 Turtle Island Cres
Orleans - Cumberland and Area, 1118 - Avalon East
43N/Aft²CA$1,049,900X11966846 • ROYAL LEPAGE TEAM RE...
- Sale
1114 Morin Rd
Orleans - Cumberland and Area, 1114 - Cumberland Estates
3+13N/Aft²CA$899,000X11966760 • EXIT REALTY MATRIX...
- Sale
740 Sebastian St
Orleans - Cumberland and Area, 1118 - Avalon East
341500-2000ft²CA$669,000X11966548 • EXP REALTY...
- Sale
1936 Schroeder Cres
Orleans - Cumberland and Area, 1107 - Springridge/East Village
44N/Aft²CA$799,900X11966423 • ROYAL LEPAGE PERFORM...
- Sale
268 Fernleaf Cres
Orleans - Cumberland and Area, 1104 - Queenswood Heights South
331500-2000ft²CA$675,000X11966006 • RE/MAX AFFILIATES RE...
- Sale
337 Amiens St
Orleans - Cumberland and Area, 1102 - Bilberry Creek/Queenswood Heights
32N/Aft²CA$659,000X11965954 • EXP REALTY...
- Sale
5409 BOUNDARY Rd
Orleans - Cumberland and Area, 1109 - Vars & Area
32N/Aft²CA$999,000X11964670 • POWER MARKETING REAL...
- Sale
502 Prominence Way
Orleans - Cumberland and Area, 1118 - Avalon East
331500-2000ft²CA$629,900X11962865 • KELLER WILLIAMS INTE...
Market Analysis
Toronto Real Estate Market Analysis for 2024
Between January 1 and July 31, 2024, average sale prices in the Toronto housing market increased by 0.5 percent year-over-year across all property types, rising from $1,110,587 in 2023 to $1,115,799 in 2024. During this same period, the number of home sales dropped by 5.4 percent, declining from 16,061 in 2023 to 15,195 in 2024. Meanwhile, the number of listings surged by 25.2 percent, growing from 31,737 in 2023 to 39,744 in 2024. Looking ahead, average sale prices are projected to decline by two percent for the remainder of 2024, while the number of sales is expected to stay steady. The Toronto housing market is currently experiencing balanced conditions in most areas, a trend that is likely to persist into the fall. While there is a good supply of resale homes, prices remain unaffordable for many buyers, particularly first-time homebuyers. Over the long term, the ongoing housing supply shortage will continue to influence the market. Key factors contributing to the housing shortage in Toronto include insufficient new construction and the high cost of building compared to current and forecasted market values. In response to these shortages, Toronto homebuyers are adapting by staying in their parental homes longer, sharing accommodations, and exploring alternative forms of home ownership to make purchasing more affordable. Renters, meanwhile, are continuing to rent instead of buying, further straining Toronto's rental market. On September 4, the Bank of Canada announced a 25-basis-point reduction in interest rates. However, this modest cut is unlikely to significantly improve affordability in Toronto, where average prices remain high. More substantial interest rate reductions will be necessary to create the affordability needed for many buyers, especially first-time homebuyers. A combination of further interest rate decreases and a downward adjustment in prices this fall and into 2025 is expected to boost sales in 2025.