Hello!
March 2025 was not a normal March for Real Estate in Toronto and the GTA.
As you can see in the image, active listings are up 88%. Sales are down 23%. Average Prices are down 2.5%
Toronto 416 Condo Apartment sales are down 21.6%, while prices are down slightly at 1.8%.
The 416 Toronto Area is fairing better than the 905. Especially the west side of the 905, these areas ran up prices more than the east side of the 905, so will fall harder.
There is uncertainty in the market, but there are people who will always transact. Rates are lower, perhaps will go lower again but people generally are feeling the pinch.
I keep a graph of 10 year numbers so I can see trends coming, and where we have been.
Where do I see April going?
I think the spring bounce we normally see won't materialize.
Keep in mind, good listings, properly staged, photographed and marketed properly will always sell.
For specific advice, give me a call or fill out the form on this page and I'll call you back.
Take care,
Brian Matthews