The Time is Right to Make a Deal!

The Toronto Regional Real Estate Board (TRREB) has just released its Market Watch report for May 2025, and I wanted to keep you informed on what’s happening in the Greater Toronto Area (GTA) real estate market.

Active listings have climbed to 30,964, giving buyers more choice than we’ve seen in years. Meanwhile, the average sale price is down 4% from this time last year, sitting at $1,120,879. This, combined with lower interest rates, means affordability has noticeably improved – especially for first-time buyers, who are starting to re-enter the market.

We’re also seeing strong activity in properties priced under $1 million, with many attracting multiple offers. For those looking to trade up to a larger home or move to a more desirable neighbourhood, this is an excellent time. The gap between what you sell for and what you buy for is currently very favourable, creating real value in making a move now.

From an investment standpoint, existing condo units are once again catching attention. With a 25-35% down payment, many of these units are now cash-flow positive, making them a solid addition to a long-term portfolio.

While uncertainty remains around global economic factors – such as the Trump tariffs – we remain optimistic that clarity will come in the months ahead. That said, no one can perfectly time the market. A home is more than an investment – it’s where you live, grow, and build memories.

Despite the ups and downs, the long-term fundamentals for real estate in the Toronto area remain very strong. If you’re thinking of buying, selling, or just want to chat about your options, I’m always here to help.

Have a great June!

Your Friend in Real Estate,
Howard