The GTA has seen a massive boom in International Students and this has created a massive whole in the GTA rental market.  Accompany this with massive Canadian population growth, the largest since 1957, there seem no hep in store for GTA home buyers and renters any time soon.

The GTA has seen massive record population growth, but the rest of Canada is also seeing record growth.  Causing strain in the housing markets all over Canada.  We saw growth of 3.2% in the population this quarter alone.
With interest rates set to fall in the new year we are very likely to see buyers jump back into the GTA real estate market very soon.

Predicting the GTA Real Estate market has been a fools game in the last few years, mainly due to things out of the ordinary happening, like a pandemic that created at first total meltdown, then an unexpected real estate boom nobody expected. 
This was then followed by sky high inflation and ever increasing interest rates to cool an over heat  we dads as  economy, especially in the food and housing sectors. During this time we also saw a massive increase in small investors using home equity to buy rental properties. 
So whilst I’m going to make a prediction for the 2024 GTA Real Estate Market, it’s based on what I can see and know today and is subject to change if forces outside of our control occur. 
Canadian Economy
So firstly let’s look and the economy as a whole.  We have seen interest rates rise faster and higher than we have seen since the 1970’s.  Whilst the BOC rate is sitting at a hefty 5% compared to th ...

Some relief is in sight for GTA home owners as banks are expecting rates to drop by as much as 1.25% be the end of 2024.  This should help with both current owners and buyers sitting on the sidelines.  However with population growth through the roof, this won't translate to lower GTA home prices.

Taking a look at debt levels in Canada right now doesn't make nice reading, and it could put the The Bank of Canada in a sticky situation as they can’t get too far ahead of the US Federal Reserve in terms of rate cuts without hammering the loonie and causing another bout of inflation via more expensive imports.
Our biggest problem is that the US consumer is showing no signs of slowing down.
And why would they?  They’ve all locked in low rates for 30 YEARS (something Canadian home owners aren't allowed to do) and their debt burdens overall are much lower than in Canada.
The Fed can’t cut rates until US households cave, and this could mean US consumers hold the future of Canadian interest rtes in their hands, even though our economy may demand it.  Not comforting.  ...