Mount Forest, Wellington North, ON, CA57 Property Listings
- SaleApartment No.A7Unit No. Call
401 BIRMINGHAM St E
Wellington North, Mount Forest
2+121200-1399ft²CA$549,900X11966837 • Coldwell Banker WIN ...
- Sale
341 Main St N
Wellington North, Mount Forest
22N/Aft²CA$424,900X11966791 • Coldwell Banker WIN ...
- Sale
Lot #3 Oxford St
Wellington North, Mount Forest
N/AN/AN/Aft²CA$299,900X11962683 • Royal LePage RCR Rea...
- Sale
119 Sarah Rd
Wellington North, Mount Forest
431500-2000ft²CA$645,900X11959470 • Coldwell Banker WIN ...
- SaleApartment No.108Unit No. 108
497 BIRMINGHAM ST. EAST St E
Wellington North, Mount Forest
211000-1199ft²CA$381,000X11954806 • Royal LePage RCR Rea...
- Sale
364 Church St N
Wellington North, Mount Forest
2+121100-1500ft²CA$745,000X11936970 • CHESTNUT PARK REAL E...
- Sale
170 Melissa Cres
Wellington North, Mount Forest
311100-1500ft²CA$435,000X11923129 • Coldwell Banker WIN ...
- Sale
475 John St
Wellington North, Mount Forest
321100-1500ft²CA$489,999X11921876 • IPRO REALTY LTD....
- Sale
345 Fergus St N
Wellington North, Mount Forest
3+221100-1500ft²CA$649,900X11913281 • IPRO REALTY LTD....
- Sale
324 Cork St
Wellington North, Mount Forest
331500-2000ft²CA$609,900X11911928 • RE/MAX REAL ESTATE C...
- Sale
155 Clyde St
Wellington North, Mount Forest
33N/Aft²CA$1,100,000X11909994 • ROYAL LEPAGE PLATINU...
- SaleApartment No.106Unit No. 106
460 Durham St W
Wellington North, Mount Forest
211000-1199ft²CA$395,000X11905727 • Coldwell Banker WIN ...
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.