➕Homeownership in the GTA became more affordable this March compared to last year, thanks to a combination of lower borrowing costs and softer home prices. Monthly mortgage payments are now more manageable, especially for households looking to enter the market.


Increased listings are giving buyers more choice and greater negotiating power, helping to keep prices in check while improving overall affordability. This is welcome news as we head into the spring market, where further rate cuts are expected to support demand.


However, with ongoing trade uncertainty and an upcoming federal election, many potential buyers are holding off on making a move. Confidence in the economy and job security remains a key factor in driving home buying activity.


Looking ahead, if economic conditions stabilize and public policy becomes more supportive, we may see a boost in sales activity. In the meantime, current market conditions present a good opportunity for well-prepared buyers.
​Looking to buy or sell a home in Toronto?  Average prices in March were as follows:


➕Detached $1,723,489 [+1% vs. 2024]
➕Semi-detached $1,337,498 [+3% vs. 2024]
➕Townhouse $975,801 [-2% vs. 2024]
➕Condo $716,460 [-2% vs. 2024]

​••••••

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

➕The Numbers for February are in!  While home sales slowed last month, demand remains strong as many Toronto households are eager to purchase a home. The challenge? Affordability. Higher mortgage rates continue to impact buyers’ ability to comfortably enter the market, but relief could be on the horizon. With borrowing costs expected to decline in the coming months, many buyers may soon be ready to make their move.


In February 2025, Toronto home sales were down 22% year-over-year, while new listings increased by 7%. This has given buyers more negotiating power, keeping price growth moderated. The average selling price inched up 1% to $1,087,077 compared to last year.


Beyond affordability, economic uncertainty—particularly around trade relations with the U.S.—has led some buyers to take a “wait and see” approach. However, as confidence improves and interest rates ease, stronger sales activity is expected in the latter half of the year.


If you’re thinking about buying, now could be the time to prepare before demand picks up again. If you’re a seller, strategic pricing and presentation will be key in this competitive market. Have questions? Let’s connect!


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


➕Detached $1,782,2626 [+8% vs. 2024]
➕Semi-detached $1,275,214 [-3% vs. 2024]
➕Townhouse $1,028,339 [+6% vs. 2024]
➕Condo $724,632 [0% vs. 2024]


••••••

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

➕The numbers for the first month of 2025 are in!  Toronto’s real estate market started 2025 with a mix of lower sales and rising inventory. 

While sales were down 6 percent compared to last year, new listings surged by 37 percent, signalling a shift in seller activity. 

The balance between supply and demand continues to evolve, with more inventory providing opportunities and choice for buyers while sellers face greater competition.
Looking ahead, interest rate expectations and affordability concerns will shape the market in the coming months. If rates trend lower, we may see increased activity as buyers regain confidence. Sellers should stay informed about pricing trends and competition in their segment.

Navigating this shifting market requires expert insight. Whether you’re considering buying, selling, or just want to discuss your options, let’s connect!

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

➕Detached $1,579,386 [+1% vs. 2024]
➕Semi-detached $1,154,505 [-4% vs. 2024]
➕Townhouse $941,893 [+5% vs. 2024]
➕Condo $691,039 [-11% vs. 2024]

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