➕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.

➕ The Numbers’ for September are in! Home sales in the Toronto saw an 4% year-over-year increase as buyers took advantage of lower borrowing costs and new mortgage guidelines. With a 9% increase in new listings, the market is better supplied, giving buyers more choice and negotiating power.


Average home prices dipped slightly [-1% compared to last year], offering buyers the opportunity to enter the market before potential future increases as the economy improves.


For sellers, the surge in listings means more competition, and lower prices in some segments like condos and townhouses. Still, demand is expected to rise, especially for first-time buyers, as rate cuts and new lending options boost affordability.


Looking ahead, as inventory continues to move and borrowing costs stay low, the market may stabilize, benefiting both buyers and sellers in the long run.


In this dynamic landscape, it is vital to have a trustworthy and knowledgeable realtor by your side. Whether you're considering selling or buying a property, or if you have any real estate inquiries, feel free to reach out. We are here to guide you!


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


➕Detached $1,685,755 [-2% vs. 2023]
➕Semi-detached $1,299,324 [+1% vs. 2023]
➕Townhouse $978,343 [-1% vs. 2023]
➕Condo $707,917 [-3% vs. 2023]
​
Data presented is for City of Toronto Only.   Source: TRREB.
••••••