As of July 28, 2025, the Greater Toronto Area has shifted decidedly into a buyer’s market. June saw strong supply growth and declining prices — including a 5.4% year-over-year drop in average sale price to $1,101,691 and a benchmark price below $1 million in Toronto proper. Entry-level detached homes in high-demand zones continue to see activity, but condo resale prices have dropped significantly—down 6.4% on average.
The ultra‑luxury market tells a different story: GTA sales over $10 million have jumped 200%, driven entirely by confident local buyers.
Recent zoning changes permitting sixplex in select wards and ongoing economic uncertainty suggest the market is adapting—but poised for movement if mortgage rates ease later this summer.
Whether buying or selling, now is the time to act strategically. With negotiation strength on the buyer’s side, you need an experienced agent to navigate the changing landscape.
Contact RE/MAX real estate broker Vicky Gill at 647‑655‑4455 or visit vickygill.ca for personalized insights, listings, and tailored home valuation services.
✅ Summary Snapshot
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The GTA is firmly in a buyer’s market, with rising supply, falling average prices, and longer times on market.
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Detached homes under $1.2 M remain competitive; condos continue to face softness due to weak investor demand.
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Ultra‑luxury buyers remain active, while mid‑luxury and luxury tiers are cooling.
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Policy shifts and potential rate cuts may spark renewed demand later in summer or early fall.
