Waterfront Communities C1, Toronto, ON, CA7 Property Listings
- SaleApartment No.703Unit No. 03
75 Queens Wharf Rd
Toronto, Waterfront Communities C1
1+11600-699ft²CA$599,900C9366484 • SUTTON GROUP-ADMIRAL...
- SaleApartment No.501Unit No. 501
36 Charlotte St
Toronto, Waterfront Communities C1
11600-699ft²CA$569,900C8462874 • EASY LIST REALTY LTD...
- SaleApartment No.313Unit No. 12
8 Mercer St
Toronto, Waterfront Communities C1
1+12700-799ft²CA$639,900C9381750 • HOMELIVING EMPIRE RE...
- SaleApartment No.1704Unit No. 4
30 Nelson St
Toronto, Waterfront Communities C1
11500-599ft²CA$629,000C9370427 • TOP ASSETS REALTY IN...
- SaleApartment No.2609Unit No. 8
115 Blue Jays Way
Toronto, Waterfront Communities C1
110-499ft²CA$498,000C9363256 • HC REALTY GROUP INC....
- SaleApartment No.2705Unit No. 05
8 York St
Toronto, Waterfront Communities C1
11600-699ft²CA$699,000C9261270 • MID-LAND GROUP REALT...
- Sale
514 Adelaide St W
Toronto, Waterfront Communities C1
32N/Aft²CA$2,800,000C8337796 • SUTTON GROUP REALTY ...
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.