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10th Apr 2025

GTA Market Continues to Drop Amid Tariffs and Election

In March 2025, GTA home sales dropped 23.1% year-over-year, while new listings surged 28.6%, giving buyers more options. The average home price dipped 2.5% to $1.09 million. Lower borrowing costs improved affordability, but economic uncertainty and an upcoming federal election kept many buyers on the sidelines.

Read the full report by TRREB.

6th Mar 2025

GTA Buyers Have Leverage but Remain Cautious

In February, GTA home sales dropped 27.4% year-over-year to 4,037 transactions, down from October's peak of 6,658. High mortgage rates and trade uncertainties are prompting buyers to wait on the sidelines. The average selling price fell for a fourth consecutive month, dropping 2% year-over-year in February to $1,072,123.

Read the full report by TRREB.

24th Feb 2025

New Home Inventory Is Piling up in the GTA

In January, new home sales in the GTA were near historic lows, with only 347 units sold, a 40% decline year over year and 77% below the 10-year average. Despite a slight increase in sales from December, prices for new homes have dropped significantly, creating buyer-favorable conditions amid 21,505 available units.

Read the full story by Storeys.

5th Feb 2025

TRREB Anticipates a 12.4% Increase in Home Sales in 2025

The Toronto Regional Real Estate Board's 2025 outlook predicts a 12.4% increase in home sales, totaling 76,000 due to lower borrowing costs. Average prices are expected to rise 2.6% to $1,147,000. January saw 3,847 sales, down 7.9% year-over-year but up from December. New listings reached 12,392, a 48.6% increase from January 2024.

Read the full report by TRREB.

27th Jan 2025

GTA New Home Sales Plummet to 40-Year Low

In 2024, the Greater Toronto Area's new home market saw unprecedented declines, with total sales plummeting 47% year-over-year to 9,816 units, the lowest since 1990. December sales hit a 40-year low, falling 80% below the 10-year average. Despite lower mortgage rates, high building costs continue to deter buyer interest.

Read the full story by Storeys.

8th Jan 2025

GTA Market Remains Flat Except Semi-Detached Properties

The GTA's housing market experienced modest growth in 2024, with sales rising 2.6% to 67,610. The average home price increased slightly to $1,117,600. December sales saw a slight decline year-over-year, with prices mostly stable across housing types, except for semi-detached homes, which increased by 6%.

Read the full story by Storeys.

RC
RCSubscriber since May 2024
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As a legal practitioner with a busy practice, Real Estate Recap provides me with an insightful and quick update on the current real estate happenings in Canada. Not only is the information helpful for my personal use, it goes a long way in dealing with relevant legal issues for clients.
EM
EMSubscriber since December 2024
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Real Estate Recap is a fantastic resource! It’s packed with useful information about market trends and provides educating insights that help readers understand the real estate market better. The practical tips and clear explanations make it a must-read for anyone looking to stay informed and learn more about the real esate market!
SD
SDSubscriber since June 2024
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Staying on top of real estate news can be hard, but thanks to RealEstateRecap, I don’t miss a beat. Their updates are informative, and make it easy to stay in the know. Great Newsletter, Thank you
SG
SGSubscriber since June 2024
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Very informative newsletter! It is now my go to source for all real estate news.
SB
SBSubscriber since December 2024
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Great newsletter! Very insightful and it provides all the key points without being a long, tedious read. Very well done!

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