The GTA saw the central bank reduce rates, but it hasn't spurred significant market activity yet. GTA sales and new listings were slightly lower in Early-Q3 compared to Late-Q2.
The GTA had an 18% increase in new listings yearly, offering some price relief. The GTA Real Estate market is experiencing a typical summer slowdown, affecting transaction volume.
A notable market boost or increase in condo values may not occur until interest rates drop further.