Real Estate News

Greater Toronto Area home sales and new listings both declined last month, driving the average residential selling price down 7.1% year-over-year to $1.009 million. Potential buyers are waiting for stabilization in selling prices and favourable trade developments that—if realized—could fuel significant home‐sales momentum in the latter half of this year and into 2027.  […]

For the first time in five years, Toronto’s average home price slipped below $1 million in January. According to the Toronto Real Estate Board’s Market Outlook Report, elevated listings and improved affordability will give buyers greater negotiating power and keep a lid on price growth in early 2026, with sales and consumer confidence expected to strengthen in the second half of the year. […]

Annual Greater Toronto Area home sales plunged in 2025 to their lowest level since 2000 as economic uncertainty weighed on consumer confidence, yet elevated listings and lower prices have notably improved affordability. Reaffirmed trade relationships and a solid labour market will be key to unlocking pent-up demand and driving a swift market recovery. […]

Toronto-area home sales plunged 15.8% year-over-year in November, driving the average price down 6.4% to $1.03 million as many buyers remained sidelined despite stronger than expected economic and employment reports. With price adjustments and cooling interest rates creating buyer friendly conditions, the outlook for 2026 looks promising, though affordability pressures endure, particularly for first-time purchasers. […]

Home sales in the Greater Toronto Area fell year-over-year in October while new listings increased, driving average selling prices down as buyers leverage lower mortgage rates and price corrections—detached homes are down about 25% and condos roughly 18% from their February 2022 peaks. Looking ahead, if economic clarity improves in 2026, more households are likely to re-enter the market to capitalize on this more affordable environment. […]

After a brief August lull, Toronto home sales rebounded in September as mid-month Bank of Canada rate cuts drove some five-year mortgages below 4%, prompting buyers to leverage a larger inventory and negotiate the average selling price down 4.7% year-over-year to $1.059 million. […]

August home sales rose year-over-year while new listings outpaced demand, driving average prices down 5.2% to $1.02 million (and suburban condo prices down 10.6% to $594k) and giving buyers strong negotiating leverage on price. With affordability still a hurdle for the average household, any further relief in borrowing costs will bring more buyers off the sidelines to capitalize on today’s well-supplied market. […]

Greater Toronto Area home sales climbed 10.9 per cent in July compared to last year—the busiest July since 2021—while the average sale price eased 5.5 per cent to $1.05 million. With the Bank of Canada maintaining its key rate at 2.75 per cent, further interest rate cuts before year-end would provide much-needed relief for buyers and help sustain this upward trend. […]

With monthly sales rising and new listings falling, the Greater Toronto Area housing market tightened further in June, as buyers capitalized on increased choice and negotiating discounts. A firm U.S. trade deal and potential Bank of Canada rate cuts on July 30 could bolster consumer confidence and tip the market toward year-over-year sales growth this fall. […]

The GTA housing market saw improved affordability in May as lower average selling prices, reduced borrowing costs and rising listings bolstered buyers’ negotiating power despite a year-over-year dip in sales. With anticipated rate cuts and potential U.S. trade stability on the horizon, home sales are poised to gain momentum. […]

Home sales in April in the Greater Toronto Area saw a significant 23.3% decrease from the same month in the previous year as potential buyers wait for lower borrowing costs and economic clarity. Despite a modest 4.1% dip in the average selling price to $1.1 million since April 2024, the potential improvement in Canada-U.S. trade relations post-election could inject confidence into the market. […]

Despite a 23% decline in March home sales year over year in the GTA, increased market supply provides buyers with greater negotiating power and choice, and with anticipated trade resolutions and policy support, a rebound in home sales is expected. The current market conditions, coupled with recent affordability measures and anticipated interest rate cuts, present a unique opportunity for prospective homeowners to capitalize on more accessible real estate options. […]

Toronto's real estate market has shifted, with February home sales dropping significantly from last year and new listings increasing, granting buyers considerable leverage in negotiations. Amid economic uncertainty and trade tensions with the U.S., now is a strategic moment for potential buyers to capitalize on a market that's ripe with opportunity. […]

Navigate Toronto's Shifting Real Estate Landscape: January Home Sales Dip, Prices Edge Up Amid Lower Interest Rates. Prepare for Spring 2025: Leveraging Lower Borrowing Costs in Uncertain Times. […]

We expect momentum to rise heading into the spring. Further interest rate cuts in 2025 should result in improved conditions over the next 12 months. In addition, the federal government's easier borrowing policies went into effect last month and now allow borrowers to put smaller down payments on homes that cost up to 1.5 million. […]

It was a pretty busy November as Toronto-area unit home sales increased by 40 per cent, prompting tighter market conditions and a modest rise in home prices. The Bank of Canada's final interest rate announcement is scheduled on December 11 and the bank is expected to reduce its benchmark rate again. […]

Greater Toronto Area home sales skyrocketed 44 per cent in October compared with the same month last year. After a sluggish spring and early fall real estate market, it appears that the Bank of Canada's rate cuts are beginning to have an impact. […]

Toronto area home sales increased in September as buyers were starting to take advantage of more affordable market conditions brought about by lower borrowing costs and more inventory. Changes over the past month to mortgage lending guidelines will give home buyers more options. […]

On Wednesday, the Bank of Canada cut its key policy rate by 25 basis points for the third time in a row, shrinking it to 4.25%. With interest rates moving lower and plenty of supply to choose from it is the ideal time for buyers to get a mortgage pre-approval and nail down a deal. […]

Greater Toronto Area home sales in July were higher compared to July 2023 as demand slowly seeps back into the market on anticipation of further rate cuts from the Bank of Canada.  […]