Toronto's real estate market is showing signs of recovery after a challenging 2024, characterized by sluggish sales and declining condo prices. Lower interest rates and increased listings are improving conditions, although the condo market remains weak. Townhomes are in high demand, while overall property values in Toronto have dipped. Predictions for 2025 suggest a 5% increase in real estate values, leading to a more balanced market with better conditions for buyers and sellers. Cautious optimism surrounds the market's potential for a healthier future.
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