Courtesy of Adam DiNunzio

Use City of Toronto Numbers

Toronto March Market Report

$1,723,489 detached

$716,460 condo/apartment DOWN 1.4% year-to-year

UP 0.9% year-to-year

$825,222 condo/townhouse DOWN 4.0% year-to-year

AVERAGE SALE PRICES

1,908 SOLD LISTINGS 6,421 NEW LISTINGS

detached 1,688

449 condo/town.

35.6% SALES TO NEW LISTING RATIO

26 DAYS ON MARKET

4.3 MONTHS OF INVENTORY

9,122 ACTIVE LISTINGS (residential inventory)

GTA REALTORS ® , APRIL 3, 2025 – Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices have declined over the past year, making monthly payments more manageable for households looking to buy a home. “Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power. Once consumers feel confident in the economy and their job security, home buying activity should

improve,” said Toronto Regional Real Estate Board (TRREB) President Elect Barry-Sproule. GTA REALTORS ® reported 5,011 home sales through TRREB’s MLS ® System in March 2025 – down by 23.1 per cent compared to March 2024. New listings in the MLS ® System amounted to 17,263 – up by 28.6 per cent year-over-year. On a seasonally adjusted basis, March sales were down month-over-month compared to February 2025. Statistics reflect market activity in March 2025 | Source: TRREB ® Toronto Regional Real Estate Board | Market values stated are average prices. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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