Market Report

The Bank of Canada cut rates five times last year. The overnight rate dropped from 5% to 2.25%. By every surface-level reading, mortgage holders should be breathing easier. But if you locked a five-year fixed rate in 2021, your renewal letter this year tells a different story. Your new rate isn't 1.79% anymore. It's north of 4%. And the monthly payment shock is real — roughly 800,000...

If I had to summarize the 2025 real estate market in one word, it would be "Adjustment". As we close the book on December, the latest report from the Toronto Regional Real Estate Board (TRREB) confirms what many of us felt on the ground: the market has shifted. It was a year that tested the patience of sellers and offered a long-awaited window of opportunity for buyers. Let’s look at the honest numbers,...

📊 The Big Picture November continued the cooling trend we have seen this quarter. The data confirms a clear shift towards a buyer's market, with prices adjusting downward and sales volume slowing significantly compared to last year. Average Sold Price: $1,039,458 (Down 6.4% vs. Nov 2024) Total Sales: 5,010 (Down 15.8% vs. Nov 2024) New Listings: 11,134 (Down 4.0% vs. Nov 2024) Days on...

October delivered a strong performance with a double-digit jump in sales, signaling that the market is tightening as buyers rush to secure homes before winter. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,080,723 (Year-Over-Year: Down 4.8%) Total Sales: 6,439 (Year-Over-Year: Up 13.9%) New Listings: 13,858 (Year-Over-Year: Down 3.4%) Days on Market (LRL): 34 Days (Compared...

September marked a significant milestone for the GTA real estate market. For the third consecutive month, we saw year-over-year growth in home sales, confirming that buyers are steadily returning to the market as they adapt to the current interest rate environment. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,080,734 (Year-Over-Year: Down 3.4%) Total Sales: 5,090...

August continued the positive momentum we started to see in July. We are seeing a "tightening" trend: home sales increased compared to last year, while the number of new homes coming to market actually dropped significantly. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,034,710 (Year-Over-Year: Down 4.4%) Total Sales: 5,096 (Year-Over-Year: Up 2.4%) New Listings: 11,262...

July brought a noticeable shift in market momentum. For the first time in recent months, we saw sales volume increase compared to last year, as buyers began to take advantage of lower prices and a well-supplied market. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,061,053 (Year-Over-Year: Down 5.1%) Total Sales: 5,487 (Year-Over-Year: Up 4.1%) New Listings: 14,047...

June 2025 showed us a market that is stabilizing and offering more opportunities for buyers. While year-over-year sales saw a slight dip, month-over-month activity actually increased on a seasonally adjusted basis, signaling underlying resilience. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,101,691 (Year-Over-Year: Down 5.4%) Total Sales: 6,243 (Year-Over-Year: Down 2.4%)...

May 2025 delivered a clear message: Affordability is improving, and buyers have more leverage than they’ve seen in some time. With inventory levels rising significantly, the "frenzy" has been replaced by a market that favors patience and negotiation. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,120,848 (Year-Over-Year: Down 6.3%) Total Sales: 6,218 (Year-Over-Year: Down...

April 2025 followed the typical seasonal trend with activity picking up compared to March, but the year-over-year picture tells a different story. Sales volume dropped significantly as many buyers continued to wait for more certainty regarding the economy and borrowing costs. 📊 The Big Picture: GTA Market Stats Average Sold Price: $1,107,463 (Year-Over-Year: Down 4.1%) +1 Total Sales: 5,601...