Every month in Toronto real estate brings its own rhythm, and this period is no exception. The average home price has slipped just below the $1M mark—landing at about $993K, which is roughly 3% lower than this time last year. For many buyers, this dip brings a touch more affordability, though it comes with a twist: we’ve also seen new listings drop by 14% to just over 12,000. That means fewer choices on the market, and with just over 5,000 homes sold (a modest 2% decrease year-over-year), competition for the right property can still be fierce.
Having worked with so many families and investors over my 24 years here, I know how closely everyone watches mortgage conditions and economic signals. The recent stability on those fronts has helped ease some affordability concerns, even as worries about trade and future interest rates linger for some households. If inventory keeps tightening and prices begin to climb, buyers may move more quickly, while sellers could feel more confident bringing their homes to market. Navigating these shifts is all about understanding the city’s unique neighborhoods and reading between the numbers—something I’ve always enjoyed sharing with clients.
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