In this episode of The Last Honest Realtor podcast, host David Fleming dives into the latest statistics from the Toronto real estate market, with a specific focus on the September numbers. David takes you through the key stats from the Toronto Real Estate Board (TRREB) and delivers a bold prediction for what’s to come, despite the market’s bleak outlook.
David explores the data behind the current market conditions, covering everything from record-low sales figures to a rising number of listings, and explains why the Toronto market might be gearing up for a significant uptick. With interest rate cuts looming, this episode provides insight into why buyers are still holding back and when things might change.
If you’re curious about what’s really happening in the Toronto housing market or want to know how these numbers could affect your buying or selling decisions, this episode is packed with valuable insights.
In This Episode:
- Deep dive into the latest TRREB statistics for September
- Why sales are hitting near-historic lows
- The sharp rise in new listings and what it means for the market
- Understanding the absorption rate and its implications
- Interest rate cuts and how they could reshape the market in 2025
Timestamps:
00:00 – Introduction
00:05 – Overview of TRREB’s September statistics
02:13 – Key changes in inflation and interest rates
04:04 – Revising predictions for the rest of 2024 and into 2025
09:18 – Sales data: Second fewest sales ever recorded in September
11:06 – Inventory surge: Second-highest new listings on record
12:47 – Absorption rate hits a historic low—what this means
15:42 – Price increases despite low absorption: Why?
Don’t Miss:
- David’s bold prediction for Toronto’s real estate market
- Why the fundamentals suggest the market is ready to pick up
- The underlying reasons behind buyer hesitation
- A sneak peek into Monday’s blog post on the Toronto Realty Blog
Subscribe to The Last Honest Realtor on YouTube or your preferred podcast platform. Like, comment, and share your thoughts on the latest real estate stats—let’s keep the conversation going!
