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March is usually when the spring market ignites, but 2025 is telling a different story. While inventory surged, sales volume pulled back significantly as buyers adopted a “wait-and-see” approach amidst trade uncertainties and upcoming elections.
📊 The Big Picture: GTA Market Stats
- Average Sold Price: $1,093,254 (Year-Over-Year: Down 2.5%) +1
- Total Sales: 5,011 (Year-Over-Year: Down 23.1%) +1
- New Listings: 17,263 (Year-Over-Year: Up 28.6%) +1
- Days on Market (LDOM): 24 Days (Compared to 20 days last year) +1
🔍 Key Market Trends
1. Inventory Surge Creates Buyer Power The headline story this month is the disparity between supply and demand. New listings skyrocketed by 28.6% year-over-year, while sales dropped by 23.1%. This flood of inventory means buyers have “increased choice” and significantly greater negotiating power than they did a year ago.+2
2. The “Wait-and-See” Approach Despite improved affordability, many households are hitting pause. TRREB analysts note that current trade uncertainty and the upcoming federal election have caused buyers to wait for more clarity on the economic landscape before committing to a mortgage.
3. Affordability is Improving The average selling price has dipped to $1.09 million (down 2.5%), and borrowing costs have declined over the past year. TRREB predicts that as consumers gain confidence in their job security and the economy, this improved affordability will eventually trigger a rebound in activity.+2
📝 The Bottom Line
- For Buyers: You have the luxury of time and selection. With inventory up nearly 30%, you can be picky and negotiate hard on price and conditions.
- For Sellers: The market is crowded. With competition rising and sales slowing, your home needs to be priced aggressively to stand out against the thousands of other new listings.
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