➕ The Numbers for September are in! ➕
Toronto’s housing market gained a little momentum in September as buyers responded to the Bank of Canada’s rate cut and slightly more affordable borrowing conditions. Still, plenty of households remain cautious, with overall sales and prices sitting below typical levels for this time of year.


Market dynamics shifted as more buyers came off the sidelines, but with strong listing supply, many were able to negotiate prices downward. Inventory remains healthy, with more than 10,000 new listings across Toronto, giving buyers options and leverage in negotiations.


While September sales were up 14% year-over-year, activity is still below long-term norms. If the Bank of Canada follows through with additional rate cuts later this year, monthly mortgage costs could align more closely with incomes, encouraging more buyers to re-enter the market.


For now, preparation, pricing, and strategy remain key in this transitional market. If you’re considering making a move this fall, let’s plan your next step with today’s market conditions in mind.
​••••••

Data presented is for City of Toronto Only.   Source: TRREB.

➕ The Numbers for July are in! ➕


Toronto’s housing market had its strongest July since 2021, with home sales climbing and market conditions showing modest tightening. Lower prices and borrowing costs are helping more buyers step into the market, even as many continue to watch for further rate relief.


Economic uncertainty, particularly around trade with the U.S., continues to weigh on consumer confidence. However, the housing sector remains a key driver of local economic activity, with potential for further growth if interest rates ease.


Increased sales activity combined with slower listing growth is creating improved conditions for sellers, but buyers still benefit from a range of options and more negotiating room compared to a few years ago.


With sales rising faster than new listings, inventory is tightening, opening the door for more balanced conditions in the months ahead. Preparation and pricing remain key for anyone looking to buy or sell in today’s market.


Looking to buy or sell a home in Toronto?  Average prices in July were as follows:


➕Detached $1,572,832 [-5% vs. 2024]
➕Semi-detached $1,242,388 [+3% vs. 2024]
➕Townhouse $920,197 [-5% vs. 2024]
➕Condo $684,257 [-9% vs. 2024]


••••••

Data presented is for City of Toronto Only.   Source: TRREB.

Toronto’s housing market continued to trend in a positive direction this June, with affordability steadily improving. Average home prices and borrowing costs remained lower than this time last year, giving more buyers a foothold in the market—even as some continue to wait for added economic clarity.
Sales activity gained month-over-month traction, and with more listings available, buyers are enjoying greater choice and the ability to negotiate. In fact, many are taking advantage of today’s softer pricing - down 3% year-over-year to an average of $1,132,709 - to secure properties that may have been out of reach in previous years.


Beyond the numbers, households continue to watch the evolving economic and trade environment.  Positive developments such as improved trade relations or additional rate cuts could go a long way in boosting consumer confidence and re-energizing the market as we head into the second half of the year.


All told, this is shaping up to be a market of opportunity for those ready to act. If you’re thinking about buying or selling, let’s talk strategy and position you for success.



Looking to buy or sell a home in Toronto?  Average prices in June were as follows:


➕Detached $1,641,868 [-7% vs. 2024]
➕Semi-detached $1,278,434 [+2% vs. 2024]
➕Townhouse $957,605 [-5% vs. 2024]
➕Condo $731,232 [-4% vs. 2024]


Data presented is for City of Toronto Only.   Source: TRREB.

The Numbers for May are in! ➕ Toronto’s housing market continued to see improved affordability in May, offering more opportunities for buyers. While overall sales activity remained slower than last year, month-over-month gains and a growing number of listings gave buyers more choice and leverage.

Year-over-year, sales in Toronto were down 14%, while new listings rose by 7%. The average selling price declined 3% to $1,155,616. Still, overall sales price edged up slightly from April on a seasonally adjusted basis—hinting at a modest tightening in market conditions.

Affordability has improved from a year ago, thanks to both lower prices and reduced borrowing costs. However, many buyers remain on the sidelines due to economic uncertainty—especially around trade relations with the U.S. Confidence is expected to return as clarity emerges on that front, and if borrowing costs ease further.

​For now, buyers who are ready to act are finding more negotiating power and inventory than they did last spring. Whether you're planning to enter the market or just watching for the right moment, preparation and expert guidance remain key. Let’s talk strategy if you’re thinking of making a move.

​Looking to buy or sell a home in Toronto?  Average prices in May were as follows:


➕Detached $1,719,937 [-6% vs. 2024]
➕Semi-detached $1,299,387 [+1% vs. 2024]
➕Townhouse $1,009,698 [-3% vs. 2024]
➕Condo $709,905 [-7% vs. 2024]

••••••

Data presented is for City of Toronto Only.   Source: TRREB.