The Toronto Regional Real Estate Board's 2025 Market Outlook predicts a well-supplied housing market, with average home prices in the Greater Toronto Area expected to rise moderately to $1,147,000, a 2.6% increase from 2024. Home sales are forecasted to reach 76,000, up 12.4%. Consumer polling indicates 28% of respondents plan to buy homes, while 37%Read more
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At the end of 2024, the condo market in the GTA continued to decline, with sales dropping to their lowest level since 1996. Only 802 new units were sold, while inventory rose to a record 24,277 units. Average asking prices for new condos fell to $1,338 per square foot. The pre-construction market is struggling, withRead more
Market analysts predict steady home sales in 2025, supported by improving economic conditions and buyer confidence. Potential further rate cuts could enhance affordability, encouraging more buyers to enter the market.Read more
Townhouse sales in the Greater Toronto Area remained steady in 2024, with 3,255 units sold. Demand for townhouses surged in Q4 2024, reaching a two-year high and making up 60% of late-year sales.Read more
GTA new home sales hit a 40-year low in December, with only 310 units sold.New condo sales in December ↓ 63% yearly, and were 86% below the 10-year avg.Read more
Development charges have soared up to $163,000 per home in GTA, increasing housing costs significantly.Development charges fund vital infrastructure like water, roads, and sewage for new housing projects in Ontario.Read more
Homebuyers in the Greater Toronto Area gain negotiating power due to increased condo listings at the end of 2024.First-time buyers benefit from lower borrowing costs and stronger negotiating power in early 2025.Read more
New condo sales in GTHA dropped 64% at the end of 2024, marking the lowest sales since 1996. Investor challenges, including negative cash flow and financing difficulties, contribute to the ongoing market decline.Read more
Greater Toronto home sales ↓ 1.8% in December, totalling 3,359 transactions. The avg selling price ↓ 1.6% yearly to $1,067,186 in December.Read more
Ontario's improved credit rating allows for lower borrowing costs, benefiting GTA residents and families. GTA families will receive $1K in rebates to help combat high interest rates and taxes.Read more
