GTA Market Overview Increased activity in January Bidding competition rising 22% sold above asking Overbidding Trends 11% neighbourhoods in overbidding Highest since September 2024 York and St. Clair WestRead more
blog
GTA REALTORS® reported 3,847 home sales in January 2025, a 7.9% decrease from last year. Despite fewer sales, new listings surged 48.6% year-over-year, reaching 12,392 in January 2025.Read more
Consult a REALTOR®: A local agent helps price your home correctly and attract potential buyers. Complete Repairs: Fix any outstanding issues, like leaky faucets or worn-out flooring, for a polished look.Read more
The Toronto real estate market is experiencing notable shifts, with the suburban office sector achieving its first annual net absorption gain since 2019, despite a stable overall vacancy rate of 20.7%. The downtown market, however, saw vacancy rates rise to 18.5%, influenced by new unoccupied office spaces. The industrial sector faced increased availability due toRead more
The Greater Toronto Area (GTA) real estate market is experiencing increased activity, with new listings in Mississauga rising by 158.9% last month. In January, 22% of sold listings went for over the list price, while 74% sold for below asking. Overall, 11% of GTA neighbourhoods were in overbidding territory, an increase from December 2024. DespiteRead more
Robotics adoption increases safety, reduces injuries, and boosts productivity in tasks like demolition and bricklaying.Green construction practices, renewable energy, and recycled materials become essential, driven by policies and incentives.Read more
Ontario permits 18-storey mass timber buildings to boost sustainable, cost-effective housing under updated codes since January 1, 2025.The revised Ontario Building Code aligns 80% with national standards, reducing 1,730 technical variations for efficient development.Read more
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
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
