Thanks for Booking A Showing for 19 Forestgreen Dr by Gerald Lawrence, REALTOR®

Thanks for Booking A Showing for 470 Blue Mountain Rd by @YorkDurhamHomes

What a whirlwind! If you live in the Greater Toronto Area, this past weekend wasn’t just another spin around the calendar—it was a sensory overload of major events, from time-bending clock changes to nail-biting sports drama and the annual start of a hairy health initiative. It truly felt like everything was happening all at once.

Let’s break down the trifecta that made the last couple of days a massive moment in the city.

⏰ The Great Fall Back: An Extra Hour of Chaos

It began late Saturday night/early Sunday morning with the semi-annual ritual that is Daylight Saving Time (DST) ending. The clocks “fell back” an hour, giving us all the theoretical gift of a glorious extra hour of sleep.

But let’s be honest, it was a little more chaotic than peaceful. Did you set your clock back an hour before bed? Did your phone do it automatically? Did you wake up an hour early, momentarily panic, and then realize you had a bonus hour to… well, probably check Twitter for Blue Jays updates? The GTA’s collective internal clock just got a hard reset, and it’s a groggy adjustment for everyone.

💔 The Heartbreak on the Diamond: Blue Jays’ World Series Thriller

Speaking of Blue Jays updates, the end of DST coincided with one of the most agonizing and electric finishes to a baseball season in recent memory! The last two Blue Jays World Series games were nothing short of a spectacular, emotional rollercoaster.

Game 6 and the decisive Game 7 had us all glued to our screens, shouting at the television, and riding every pitch. The games were a nail-biting, edge-of-your-seat marathon, culminating in a truly heartbreaking loss in extra innings in Game 7. From incredible plays to clutch home runs that had the Rogers Centre crowd absolutely roaring, the team left absolutely everything on the field. It was a tough end, but what an unforgettable run! Thank you, Blue Jays, for a season that kept the entire country on the edge of its collective dugout.

The Show Must Go On: What’s Next for Toronto Sports?

With the baseball season officially over, the Toronto sports focus immediately pivots. This past weekend’s drama was actually preceded and followed by major action on the ice and the court! The Toronto Maple Leafs (NHL) and the Toronto Raptors (NBA) are already well into their seasons, providing the next major events to rally around. After a few rescheduled games to accommodate the Jays, the Leafs and Raptors now take centre stage in their respective title chases. Expect the excitement to shift from the Rogers Centre to the Scotiabank Arena for the foreseeable future!

🧔 Grow for a Great Cause: Movember is HERE!

As the calendar officially flipped, November arrived, and with it, the start of Movember. For those new to the movement, Movember is a global initiative dedicated to raising funds and awareness for men’s health, particularly prostate cancer, testicular cancer, and men’s mental health and suicide prevention.

The visible sign of support? Men growing out their moustaches for the entire month! This weekend was the crucial “Shave Down,” where countless men across the GTA went clean-shaven, ready to start growing their ‘staches for the cause. It’s an excellent conversation starter and a highly visible tribute to the fight against men’s health issues. Keep an eye out for the fledgling Mos around town!

How to Get Involved with Movember Fundraising

Want to do more than just grow a killer ‘stache? There are many ways to support Movember in the GTA:

• Grow a Mo: The classic way! Register on the Movember website, shave down, and get your friends and family to donate to your “Mo Space” fundraising page.
• Move for Movember: Not a grower? Commit to running or walking 60km over the month. That’s 60 kilometres for the 60 men we lose to suicide globally, every single hour.
• Host a Mo-ment: Organize a fun event, like a trivia night, a bake sale, or a friendly sports tournament (maybe a post-Blue Jays softball game!) and charge an entry fee as a donation.
• Mo Your Own Way: Take on any unique challenge! Give up coffee for the month and donate the savings, or try a personal fitness challenge.

The money raised goes to fund groundbreaking men’s health projects, so every action makes a difference!

A Weekend to Remember

So, this past weekend was a lot. We collectively gained an hour, lost a championship, and started an entire month-long facial hair journey, all within a 48-hour window. It was a weekend that proved the city doesn’t slow down, even when the clocks do. Now, as we adjust to the earlier sunsets, mourn the season, and embrace the fuzz, let’s carry that incredible energy into the next phase of the Toronto sports calendar and the vital mission of Movember.

What was the most memorable part of your whirlwind weekend? Let me know in the comments!

The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for.

Bank of Canada Rate Cut + GTA Market Snapshot

On September 17, 2025, the Bank of Canada made its latest policy move:

• The overnight rate was cut to 2.50%, down from 2.75%.

• This came after several “holds” and in the context of weaker economic data: job losses, rising unemployment, softening demand, cooling inflation.

This change has immediate and potential implications, especially in a market like the GTA, which has been under pressure from affordability issues, declining prices, and high inventories. Let’s dig into what’s happening locally and how both buyers and sellers might respond.

GTA Real Estate Market: Key Metrics & Trends

Here are some of the more recent GTA housing market numbers (August 2025) that matter, especially in light of the rate cut:

What the Rate Cut Means for GTA Buyers

With the Bank of Canada cutting to 2.50%, here are possible effects on buyers within the GTA, and strategies to take advantage.

Risks / cautions for buyers:

• Fixed mortgage rates may lag the policy rate change; not all lenders pass cuts immediately, and bond market conditions matter.

• Economic uncertainty in the GTA/ON (jobs, trade, immigration) may dampen confidence; some buyers may still hesitate.

• Even with lower rates, total cost (down payment, maintenance, taxes, etc.) remains high.

Recommended buyer strategies:

1. Get pre-approved now. Know exactly what you can afford.

2. Watch property types: mid-segments (townhouses/semi’s) may see better value than peak detached-home pricing.

3. Negotiate well: longer days on market, higher inventory = greater leverage. Ask for closing cost help, flexible possession, repairs.

4. Consider fixed vs variable carefully: variable may benefit sooner, but fixed gives stability if rates reverse.

5. Think long term: Even if market dips more, buying in GTA tends to build value over years—if you have the ability to hold.

What the Rate Cut Means for GTA Sellers

This rate cut may help stabilize some downward trends, but sellers need to adapt to current realities. Here’s how:

Challenges / risks for sellers:

• Prices are down, particularly in detached and condos. Expect lower offers.

• Longer time on market; more competition from other sellers.

• Buyers will expect more — inspections, incentives, maybe closing terms.

Seller strategies:

1. Price realistically from the start — avoid overpricing. If you start too high, you’ll lose momentum.

2. Invest in presentation and staging — a well-maintained, move-in-ready home will stand out among many.

3. Flexible terms & incentives — consider assisting with closing costs, offering flexible closing dates, or providing minor upgrades/allowances.

4. Market smartly — highlight affordability relative to past peaks; show what monthly payments could look like post-rate cut.

5. Watch inventory & timing — there is evidence that inventory, after peaking, is starting to pull back. Becoming one of the early listings in a tightening market helps.

GTA Market Outlook & What Comes Next

Putting it all together:

• The rate cut to 2.50% is generally favorable for the GTA, given ongoing price softening and high supply. It helps pull some buyers off the sidelines.

• But this is not a magic fix: structural affordability remains a challenge — prices are still high relative to incomes, and many buyers remain cautious.

• The balance of power still leans toward buyers in many neighbourhoods, though some sub-areas (especially in high demand) may see more balanced conditions as listings fall.

• If economic data worsens (unemployment, trade, inflation), more rate cuts are possible. Conversely, if inflation spikes or supply gets tight, rates could stay stable or even rise again.

Call to Action

If you’re in the GTA and thinking about moving, now’s not the time to stay passive. Whether buying or selling, you need a plan. Here’s what to do:

• Buyers: Reach out to mortgage brokers, get price-sensitive search set up, lock in pre-approval. Don’t just browse—calculate what your monthly payments will look like and act when you find value.

• Sellers: Talk to one of our team member realtors who know your neighbourhood deeply. Price smart, spruce up your listing, and use the interest cut to show buyers what their payments might be under current conditions.

Want help zeroing in on your neighbourhood? I can pull together a custom GTA-neighbourhood report (price trends, comparable sales, days on market) so you can see whether your area is trending with the broader market, or diverging. Do you want me to put one together for your specific area?

The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for.

🏦 Bank of Canada Holds Rate at 2.75%

🚦 BoC Hits the “Hold” Button: What Does It Mean For YOU? 🚦

The Bank of Canada’s job is like being the country’s economic pilot: they try to steer us toward stable prices (keeping inflation in check!) and healthy growth. Today’s decision to keep interest rates unchanged at 2.75% tells us a lot about what they’re seeing on their economic dashboard.

🔍 The Big Picture: Why the Hold?

The Bank’s Governing Council decided to keep rates steady because they’re navigating a complex economic landscape. Here’s what they’re seeing:

• Global Uncertainty is STILL High: 🌍 Especially concerning is the ongoing back-and-forth with U.S. tariffs and trade negotiations. This creates a big question mark for Canada’s export-driven economy. The Bank needs more clarity on how these trade policies will shake out.
• Canadian Economy: Softer, But Not Collapsing! 💪 Canada’s economy grew a bit stronger than expected in the first quarter (2.2% GDP growth!), driven partly by exports to the U.S. and inventory building. However, they expect the second quarter to be weaker as these factors reverse. Consumer spending has slowed, and housing activity is down, particularly resales.
• Inflation’s Tricky Dance: 📈 While inflation has generally eased from its peak, the Bank noted “unexpected firmness” in recent inflation data, and their preferred core inflation measures have moved up. Businesses are still expecting tariffs to raise prices, and many plan to pass those costs on. This “stickiness” in inflation is a key reason for the hold.
• Labor Market Cooling: 🌬️ The job market has shown signs of weakening, especially in sectors tied to trade. The unemployment rate has risen to 6.9%. This typically puts downward pressure on inflation, but the Bank is watching carefully.

In simple terms: The Bank is seeing conflicting signals! The economy isn’t collapsing, but there’s a lot of uncertainty from tariffs and inflation isn’t quite behaving as smoothly as they’d like. So, they’re taking a cautious “wait and see” approach.

📌 Key Highlights

• Inflation: Headline inflation fell to 1.7% in April, while core inflation remains sticky.
• GDP Growth: The economy expanded by 2.2% in Q1 2025.
• Labour Market: Signs of softening with slower wage growth and rising unemployment.
• External Pressure: Tariff increases from the U.S. add uncertainty to exports.

📈 Interest Rate Trend (2024 – 2025)

💹 Headline vs. Core Inflation

📊 GDP Growth & Unemployment

🏠 What This Means for Canadians

• Homeowners: Mortgage rates likely to remain stable. Variable rate holders enjoy breathing room.
• Buyers: A continued hold on rates might support affordability — but be mindful of inflation.
• Businesses: Exporters should prepare for volatility, especially due to U.S. trade policies.

🏡 What Does This “Hold” Mean for Your Money?

This decision has direct impacts on everyday Canadians. Let’s break it down:

• For Borrowers (Especially Variable-Rate Mortgages & HELOCs): 🥳 GOOD NEWS! Your payments linked to the prime rate will stay STABLE for now. No immediate jumps in your monthly costs! This offers a much-needed breathing room. If you’re looking for a new variable mortgage, rates won’t have shifted due to this announcement.
• For Savers (HISAs & GICs): 💸 STILL DECENT RETURNS! While not increasing, the rates on high-interest savings accounts and GICs will remain relatively attractive. This is a positive for those looking to grow their cash safely.
• For the Housing Market: 🏠 The unchanged rate could bring a degree of stability, preventing further upward pressure on mortgage costs. However, affordability remains a significant hurdle for many, and the Bank noted a “sharp contraction in resales.”
• For Businesses: 💼 Borrowing costs remain unchanged, which offers predictability for investment and operational decisions. However, uncertainty from U.S. tariffs and slower domestic demand are still headwinds.

🔮 Looking Ahead: The Bank’s Crystal Ball (Sort Of!)

The Bank of Canada made it clear they are “proceeding carefully” and will be “data-dependent.” This means they’re not committing to any future moves right now. They want to see:

• How U.S. trade policy evolves and its real impact on Canadian exports.
• How much any economic slowdown spills over into business investment, employment, and household spending.
• How quickly cost increases (like from tariffs) are passed on to consumer prices.
• How inflation expectations evolve among consumers and businesses.

Key takeaway from Governor Tiff Macklem: While there might be room for future rate cuts if the economy weakens further and price pressures stay contained, the Bank is not providing forward guidance. They are focusing on the actual data as it comes in.

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✨ Your Turn!

What are your thoughts on this latest decision from the Bank of Canada? Are you breathing a sigh of relief, or hoping for more changes soon? Share your perspective in the comments below! 👇

The BoC will review its stance again on July 30, 2025. With inflation easing yet core pressures lingering, a potential rate cut remains on the table — but not guaranteed.

For full details, see the official press release.

The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for.

Canadian Housing Market Pauses in April 2025 Amid Shifting Conditions

The Canadian housing market showed signs of a pause in its recent slump during April 2025, with national home sales remaining virtually unchanged from March. However, activity remains subdued compared to the previous year, and prices continue to see modest declines. This analysis, based on data released by the Canadian Real Estate Association (CREA), delves into the key trends observed in April. Key Highlights for April 2025:

• National Home Sales:
  • Month-over-month: -0.1% (seasonally adjusted)
  • Year-over-year: -9.8% (actual, not seasonally adjusted), with 44,300 units sold compared to 49,135 in April 2024.
• Prices:
  • MLS® Home Price Index (HPI):
    • Month-over-month: -1.2%
    • Year-over-year: -3.6%
  • National Average Sale Price: $679,866
    • Year-over-year: -3.9% (actual, not seasonally adjusted)
• Listings and Inventory:
  • New Listings (month-over-month): -1.0%
  • Total Active Listings: 183,000 (up +14.3% year-over-year, but still below the long-term average of approximately 201,000 for this time of year).
• Market Balance:
  • Sales-to-New Listings Ratio (SNLR): 46.8% (up slightly from 46.4% in March). This indicates a market approaching balanced conditions, though still at the lower end of the 45%-65% range typically associated with balance. The long-term average for the SNLR is 54.9%.
  • Months of Inventory: 5.1 months, which is in line with the long-term average of five months. A seller’s market is typically below 3.6 months, and a buyer’s market above 6.4 months.

Detailed Analysis:

The April 2025 data suggests a stabilization in sales activity after several months of decline. Shaun Cathcart, CREA’s Senior Economist, noted that the market is returning to the “quiet markets we’ve experienced since 2022,” with factors like “tariff uncertainty taking the place of high interest rates in keeping buyers on the sidelines.”

While sales activity paused its descent on a month-over-month basis, the year-over-year comparison still shows a significant drop, indicating that the market is considerably cooler than in April 2024. Price pressures continue, with both the MLS® HPI and the national average sale price registering year-over-year declines.

The month-over-month decrease in the HPI suggests that price adjustments are ongoing. The number of newly listed properties dipped slightly in April compared to March. However, the total number of homes available for sale has increased notably from a year ago, offering more choice to potential buyers.

Despite this increase, total inventory remains below long-term averages. The sales-to-new listings ratio moving slightly up to 46.8% and 5.1 months of inventory suggest the national market is largely balanced, albeit with regional variations. Regional Variations: The national figures mask significant regional differences. CREA reports indicate:

• Ontario and British Columbia: These more expensive markets are generally experiencing larger price pullbacks and higher inventory levels, with sales potentially decreasing more significantly.
• Maritimes, Quebec, Manitoba, and Saskatchewan (Prairies, East Coast): These traditionally more affordable regions are seeing some price resilience or even increases, along with tighter inventory conditions.

Valérie Paquin, CREA Chair, emphasized this divergence: “The number of homes for sale across Canada has almost returned to normal, but that is the result of higher inventories in B.C. and Ontario, and tight inventories everywhere else.” Visual Summary: The following charts illustrate some of the key trends: Total Active Listings vs. Long-Term Average (April 2025) This chart compares the total number of homes available for sale at the end of April 2025 against the typical long-term average for that time of year. It also notes the year-over-year change in active listings. This chart compares the total number of homes available for sale at the end of April 2025 (183,000, up 14.3% year-over-year) against the typical long-term average for that time of year (approximately 201,000). It shows that while listings have increased from last year, they still haven’t reached the historical average for April. Sales-to-New Listings Ratio (SNLR) – April 2025 This chart shows the SNLR for April 2025, comparing it to the long-term average and the thresholds for different market conditions (buyer’s, balanced, seller’s).

This chart shows the Sales-to-New Listings Ratio (SNLR) for April 2025 at 46.8%. It compares this to the long-term average SNLR of 54.9% and highlights the range typically considered a “balanced market” (45% to 65%). The current SNLR sits at the lower end of this balanced range, indicating that while the market isn’t strongly favouring buyers or sellers, it’s leaning slightly towards conditions that could offer buyers more leverage than if the ratio were higher.

Analysis:

April 2025 data points to a stabilization in sales activity following several months of declining figures. According to CREA’s Senior Economist, Shaun Cathcart, “the 2025 Canadian housing story would best be described as a return to the quiet markets we’ve experienced since 2022, with tariff uncertainty taking the place of high interest rates in keeping buyers on the sidelines.”

This suggests that while the sharp decline in sales may have paused, underlying caution persists among market participants. The year-over-year decrease in home sales by nearly 10% underscores that the market remains significantly cooler than in the spring of 2024. This slowdown in activity is accompanied by ongoing price adjustments.

Both the MLS® HPI and the national average sale price saw year-over-year decreases, with the HPI also declining month-over-month, indicating continued downward pressure on home values. On the supply side, new listings saw a slight dip from March to April. However, the total number of homes available for sale has risen substantially compared to the previous year, giving prospective buyers more options.

Despite this increase, overall inventory levels have not yet reached their long-term averages for this time of year. The national market, as indicated by the SNLR and months of inventory, appears to be in a state of balance. However, this national picture is an aggregation of varied local conditions. Regional Variations: The Canadian housing market is not monolithic, and significant regional differences persist:

• Ontario and British Columbia: These provinces, particularly their more expensive urban centers, are generally experiencing more pronounced price pullbacks. Inventory levels are higher, and sales activity has seen more significant declines compared to other parts of the country.
• Prairie Provinces (Alberta, Saskatchewan, Manitoba) and Atlantic Canada (Maritimes, Newfoundland and Labrador), and Quebec: In contrast, many markets in these regions are demonstrating more resilience. Some are even witnessing modest price growth and continue to experience tighter inventory conditions relative to demand.

CREA Chair Valérie Paquin highlighted this disparity, stating, “The number of homes for sale across Canada has almost returned to normal, but that is the result of higher inventories in B.C. and Ontario, and tight inventories everywhere else.” This underscores the importance of understanding local market dynamics when considering buying or selling property. Visual Summary of Key Market Indicators: The following charts provide a visual representation of some of the key changes in the Canadian housing market for April 2025: Canadian Housing Market – Year-over-Year Changes (April 2025 vs April 2024) This chart illustrates the percentage change in actual home sales, the MLS® Home Price Index, and the national average sale price compared to April of the previous year. All key metrics show a decline, highlighting the cooling trend. Canadian Housing Market – Month-over-Month Changes (April 2025 vs March 2025)

This chart displays the percentage change in seasonally adjusted national home sales, new listings, and the MLS® Home Price Index compared to the preceding month. It shows a near flatline in sales, a slight decrease in new listings, and a continued modest decline in the HPI. In conclusion, the Canadian housing market in April 2025 was characterized by a pause in the recent sales slump, ongoing price moderation, and a nationally balanced market that masks significant regional variations. Factors such as economic uncertainty, including trade tariff concerns, continue to influence buyer and seller behavior.

Recommendation for a Seller Considering Listing Their Home:

The decision to sell your home is significant, and the current market presents a nuanced landscape. While national prices have seen some moderation and sales activity, though stabilizing month-over-month, remains below last year’s levels, there are compelling reasons to consider listing, especially if your circumstances align. Why This Might Be a Good Time for You to Sell:

1. Stabilizing Market Activity: After a period of decline, national sales activity showed signs of pausing its slump in April. This could indicate that buyers who were on the sidelines are beginning to re-engage, potentially creating a window of opportunity before any further significant market shifts.
2. Inventory Levels Offer a Mixed Picture: While total active listings are up year-over-year (meaning more competition than last year), they still remain below the long-term average for this time of year in many areas. A well-priced and well-presented home can still capture significant attention.
3. Regional Strengths Persist: If your property is located in markets like the Prairies, Quebec, or parts of Atlantic Canada, you might find conditions are still relatively strong with resilient pricing and tighter inventories. Even in markets like Ontario and BC that have seen more significant price adjustments, unique properties in desirable locations can still attract motivated buyers.
4. Capture Current Price Levels: While prices have dipped from their peak, they are still substantial in many regions compared to historical levels. If you’re concerned about further price erosion, selling now could allow you to lock in your property’s current value. Waiting doesn’t guarantee a better outcome, especially if national price trends continue their modest decline.
5. Motivated Buyers Are Still Active: Serious buyers are always in the market. Those active now are likely navigating current conditions with clear intentions, potentially leading to smoother transactions if you connect with the right one.

To maximize your success, it’s crucial to:

• Price Strategically: Overpricing in this market can lead to your home sitting longer. Work closely with a local real estate professional to set a competitive and realistic price based on the very latest comparable sales.
• Ensure Your Home Shines: With more choice for buyers than last year, presentation matters more than ever. Invest in staging, decluttering, and addressing any necessary repairs.
• Be Flexible: Understand that negotiation might be more common. Being open to reasonable offers and conditions can facilitate a successful sale.

If your personal and financial goals align with a move, listing now allows you to capitalize on the current buyer interest and potentially transition to your next property with more clarity than in a more volatile market.

Recommendation for a Buyer Considering Entering the Market:

For prospective homebuyers, the April 2025 market data reveals an environment that offers several advantages compared to the frenetic conditions of the recent past. If you’re financially prepared, this could be an opportune time to make your move. Why This Might Be a Good Time for You to Buy:

1. Increased Choice and Less Frenzy: The 14.3% year-over-year increase in total active listings means you have more properties to choose from. With national sales down 9.8% compared to last April, there’s generally less competition for each home, reducing the likelihood of intense bidding wars.
2. Price Moderation Offers Better Value: Both the MLS® Home Price Index and the national average sale price have declined year-over-year (by -3.6% and -3.9% respectively). This softening of prices can make homeownership more accessible and potentially offer better long-term value.
3. More Balanced Market Conditions: Key indicators like the Sales-to-New Listings Ratio (46.8%) and Months of Inventory (5.1 months) point towards a more balanced national market. This environment typically affords buyers more time for due diligence, less pressure to make rushed decisions, and potentially more room for negotiation on price and conditions.
4. Favourable Conditions in Certain Regions: If you are looking in markets like Ontario or British Columbia, you may find more significant price pullbacks and a greater willingness from sellers to negotiate, creating specific buying opportunities.
5. Opportunity for Long-Term Investment: Housing is a long-term investment. Entering the market during a period of price stabilization or modest decline can be advantageous for buyers with a long-term horizon, as you’re potentially buying at a more sustainable price point.
6. Stable Interest Rate Environment (Relatively Speaking): While interest rates remain a key consideration, the acute uncertainty around rapid rate hikes has somewhat subsided. This allows for more predictable mortgage planning. Shaun Cathcart of CREA noted “tariff uncertainty taking the place of high interest rates in keeping buyers on the sidelines,” suggesting some buyers might be adapting to the current rate environment.

To make the most of the current market, consider the following:

• Get Pre-Approved for a Mortgage: Know your budget definitively. This will strengthen your negotiating position.
• Work with an Experienced Buyer’s Agent: They can help you identify suitable properties, understand local micro-market conditions, and guide you through the negotiation process.
• Don’t Try to Perfectly Time the Bottom: It’s nearly impossible to buy at the absolute lowest point. Focus on finding a home that meets your needs and budget in a market that is offering more favorable conditions than seen in quite some time.

If you have a stable financial situation and a long-term perspective, the current market conditions provide a window of opportunity to purchase a home with more choice, less pressure, and potentially better value.

The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for.

Author: Gerald Lawrence, REALTOR®
Published: May 9, 2025
Reading Time: 7-9 minutes

🔍 Introduction

The Greater Toronto Area (GTA) real estate market continued to evolve in April 2025, reflecting broader economic pressures, buyer psychology, and seasonal trends. Whether you’re a homeowner, investor, or first-time buyer, understanding current housing data is critical.

In this article, we break down the latest TRREB Market Watch statistics, offer insight into price fluctuations, sales activity, and what this all means for your next move in the real estate market.

📈 Key Highlights for April 2025

Metric	April 2025	April 2024	% Change YoY
Total Home Sales	5,601	7,302	-23.3%
Average Selling Price	$1,107,463	$1,155,219	-4.1%
New Listings	18,836	17,418	+8.1%
MLS® HPI Composite Benchmark	—	—	-5.4%
Average Days on Market (LDOM)	25	33	Improved

The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for.

🏡 Breakdown by Housing Type

Here’s a detailed look at real estate sales and prices by home type across the 416 (Toronto) and 905 (suburban) areas.

📊 Sales & Average Price by Property Type

Type	Sales (416)	Sales (905)	Total Sales	Avg Price (416)	Avg Price (905)
Detached	1,430..	2,556..	3,986..	$1,431,495..	$1,324,280..
Semi-Detached.	505	778	1,283	$1,088,848	$944,934
Townhouse	312	925	1,237	$912,629	$884,746
Condo Apt	983	728	1,711	$678,048	$618,196

💬 Year-over-Year Price Change by Property Type

• Detached: -6.9%

• Semi-Detached: -5.0%

• Townhouse: -5.2%

• Condo Apartment: -6.1%

📉 Across all segments, buyers gained greater leverage due to elevated real estate inventory levels and improved affordability through moderated mortgage rates.

📉 What’s Behind the Dip in Sales?

Despite following a typical seasonal uptick from March, April 2025 real estate sales fell 23.3% year-over-year. This hesitation is largely attributed to:

• High borrowing costs: Despite some moderation, the RATE HOLD! Bank of Canada Interest Rate Announcement – April 16, 2025.

• Economic uncertainty: Following the federal election, many are monitoring the Canada-U.S. trade relationship, which may impact consumer confidence.

• Improved inventory: Buyers now have more choices, leading to longer decision-making timelines.

📊 Economic Indicators Snapshot

🌍 Regional Trends: Urban vs. Suburban

The 905 regions (e.g., Durham, York, Peel) showed resilience in price stability while urban centers like Toronto (416) saw sharper price drops, especially in condo segments.

🏙 Toronto (416):

• Condos down 6.1%

• Detached prices remain highest at $1.43M

🏘 Suburbs (905):

• Balanced activity

• Greater affordability attracted more buyers despite market cooling

The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for.

💡 What This Means for Buyers and Sellers

🧭 For Buyers:

• More selection: Higher active real estate listings mean less competition

• Negotiation power: Sellers are more flexible on price and conditions

• properties with more backyard: More real estate inventory available just outside the core within 1-2 hour drive from Toronto

💼 For Sellers:

• Be realistic with pricing

• Market your home’s unique features, such as workshops or acreage

• Professional evaluation is key: Pricing right the first time shortens DOM and maximizes ROI

📍 Spotlight: Properties With Backyard Space

There’s growing demand for properties with some backyard space and/or additional buildings, especially among buyers moving from subdivision homes in City Centers. If you’re thinking of selling and your property fits this profile, now may be the perfect time to connect with qualified buyers.

📈 Chart: TRREB Sales Activity YoY

Real Estate Sales are down, but opportunities are up for savvy buyers and well-prepared sellers.

🤝 Let’s Talk: Free Market Evaluation

If you’re wondering about your home’s value in today’s changing market, I offer a FREE, no-obligation market evaluation that can help you decide if now is the right time to sell.

Whether you’re staying local or heading outside of the city to York Region or Durham Region and the Kawarthas, I can guide your move with real insights and connections to active, qualified buyers.

Summary

In April 2025, the Greater Toronto Area (GTA) real estate market saw a continued seasonal rise in activity from March, but overall real estate sales remained significantly lower than the same period in 2024. TRREB reported a 23.3% year-over-year drop in home sales, with only 5,601 transactions completed.

At the same time, new real estate listings rose by 8.1%, providing buyers with greater inventory and more negotiating power. The average home price fell by 4.1% to $1,107,463, while the MLS® Home Price Index Composite dropped 5.4% year-over-year, reflecting buyers’ cautious stance amid high borrowing costs and economic uncertainty following the recent federal election.

Elevated inventory and moderating mortgage rates contributed to more affordable housing options across the GTA. Detached, semi-detached, and condo apartment segments all experienced price declines, with detached homes in the 416 region averaging over $1.43 million.

Meanwhile, broader economic indicators showed continued inflation and employment growth, although real GDP growth remained uneven across timeframes. As households monitor developments in Canada’s trade relations and monetary policy, the GTA market is positioned for possible shifts in buyer sentiment should confidence improve and borrowing conditions ease.

The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for.

❓ Frequently Asked Questions (FAQ)

1. Why are home sales down in April 2025?

Sales are lower largely due to buyer hesitation around high interest rates and economic uncertainty following the recent federal election and the ongoing trade war.

2. Is this a good time to buy real estate in the GTA?

Yes, if you’re financially ready. There’s less competition and more choice, giving buyers leverage in negotiations.

3. How can I make my home more attractive to buyers?

Highlight key features such as land, workshops, finished basements, or upgrades. Price competitively and stage professionally.

4. What’s the best area within an hour or two of Toronto to find land with buildings?

Areas north and east of York Region and Durham Region —such as Uxbridge, Clarington, Georgina, Brock, and parts of Kawartha Lakes—are growing in popularity among buyers looking for space and utility.

5. What’s the benefit of a free market evaluation?

It gives you an accurate sense of your home’s current market value, helping you plan with confidence. No strings attached.

📝 Final Thoughts

The GTA housing market is shifting, but with the right guidance, you can take full advantage of today’s conditions—whether you’re buying your dream rural property or selling your urban home.

📩 Let’s connect to discuss your goals and how I can help you navigate the market confidently.

Thinking about selling your rental or secondary property? Before you do, it’s critical to understand how capital gains tax can affect your bottom line. This guide explains what you need to know, what’s changed, and how to plan ahead.

Capital Gains in Canada: What Real Estate Investors Need to Know

Thinking about selling your rental or secondary property? Before you do, it’s critical to understand how capital gains tax can affect your bottom line. This guide explains what you need to know, what’s changed, and how to plan ahead.

Capital gains taxation is an important consideration for property owners and investors across Canada, particularly those holding secondary residences and rental properties.

Understanding how capital gains work, the implications for your tax obligations, and how strategic planning can mitigate liabilities is essential for making informed financial decisions.

What Are Capital Gains?

Capital gains occur when an asset, such as real estate, is sold for more than its adjusted cost base (ACB), which includes the purchase price plus certain costs like legal fees, renovations, and selling expenses.

In Canada, 50% of a capital gain is taxable and added to the seller’s income for the year. This is known as the capital gains inclusion rate.

For instance, if a property is sold for $1 million and the ACB is $600,000, the gain is $400,000, of which $200,000 would be taxable.

The Impact on Real Estate, Including Rental Properties

Real estate, especially rental properties and secondary residences, is subject to capital gains tax unless the property qualifies as a principal residence.

The principal residence exemption allows homeowners to shelter the full capital gain from tax if certain criteria are met.

However, secondary residences and rental properties do not qualify for this exemption.

When selling a rental property, the taxable portion of the gain is added to your total income, potentially pushing you into a higher tax bracket.

Additionally, if Capital Cost Allowance (CCA) was claimed on the property to offset rental income, a portion of that may be recaptured and taxed as income, not a capital gain.

This creates a tradeoff between the benefit of reducing taxes annually versus facing higher taxes upon sale.

Balancing Timing and Tax Efficiency

One of the key challenges for property owners is timing the sale of a secondary property. Selling in a year when your other income is lower can reduce the overall tax impact.

Conversely, selling during a high-income year could significantly increase your marginal tax rate, resulting in a larger tax bill.

Tax planning strategies can help balance this tradeoff:

• Deferring the sale to a year with lower income
• Using capital losses to offset gains
• Transferring ownership to a spouse in a lower tax bracket (with caution, due to attribution rules)

These strategies highlight the importance of personalized tax planning, particularly when dealing with sizable capital assets like real estate.

Looking Ahead: Potential Tax Changes

In the 2024 federal budget, the government announced its intention to increase the capital gains inclusion rate from 50% to 66.67% for gains over $250,000, effective January 1, 2026.

This would have had significant implications for investors holding high-value assets, especially real estate.

The proposed change introduced further complexity, requiring even more careful consideration of timing and asset disposition.

However, on March 21, 2025, Prime Minister Carney announced that the Government of Canada will cancel the proposed hike in the capital gains inclusion rate, maintaining the current 50% inclusion rate.

This decision has been welcomed by many in the investment and real estate sectors, as it preserves the current planning frameworks and alleviates concerns of increased tax burdens on large asset sales.

Real-World Example

Consider a scenario where an Ontario investor sells a secondary rental property for $1 million in 2025.

The original purchase price was $500,000, with $50,000 in eligible improvements and $40,000 in selling expenses, bringing the adjusted cost base to $590,000.

The capital gain is $410,000, and 50%—or $205,000—is taxable. Assuming the seller falls into the 33% marginal tax bracket, the tax owing on the gain could be approximately $67,650.

Had the proposed inclusion rate increase to 66.67% been implemented in 2026, the taxable portion would have been $273,347, with an estimated tax burden closer to $90,000—illustrating the significant impact such a policy change could have had.

Making Informed Decisions

The decision to sell a secondary residence or rental property in Canada carries notable tax consequences. Capital gains tax, while only applied to 50% of the gain (for now), can substantially affect your net proceeds. Properly accounting for selling expenses, potential CCA recapture, and the timing of the sale are all vital to reducing your tax liability.

For real estate investors, the key lies in understanding how the rules apply, what tradeoffs exist, and how to plan effectively. Working with a financial advisor or tax professional can help navigate these complexities, ensuring that your investment decisions align with both your financial goals and the tax landscape.

Need personalized guidance? Contact Gerald Lawrence to book a private consultation and learn how to maximize your returns when selling investment properties.

📄 For a Downloadable Guide (PDF format):

Your Guide to Capital Gains Tax in Canadian Real Estate

Understand the Rules, Avoid the Pitfalls, and Maximize Your Profits

Presented by: Gerald Lawrence, REALTOR® | www.GeraldLawrence.Realtor – Coldwell Banker R.M.R. Real Estate, Brokerage

The real estate market inside scoop for the community you love. See homes that are for sale and have recently sold. Find out if home sales in your neighbourhood are trending up or down. See what homes around you are currently selling for.

Detached Properties For Sale UNDER $500,000 Canadian Dollars in the GTA

Detached homes priced under $500,000 in the Greater Toronto Area (GTA) are becoming increasingly scarce, yet they offer an exceptional opportunity for savvy buyers. In a market where the average detached property often costs well over $1 million, finding homes at this price point seems like a dream come true. However, these homes typically come with unique characteristics—many are fixer-uppers, stigmatized properties, estate sales, power of sale listings, or are deliberately priced low to ignite competitive bidding wars.

Despite these complexities, more than 30 such properties are currently listed across the GTA. The majority of these homes are found in Oshawa, Georgina, and Clarington—particularly in Newcastle and Bowmanville. Other regions like Brock, Scugog, Toronto, and Halton host only a handful of listings. Most are 2-bedroom bungalows, with some including 2 bathrooms, while the smaller group of 3-bedroom homes is split between those with 1 or 2 bathrooms.

Below, we break down the types of properties typically found in this price range, including their advantages, disadvantages, and potential caveats you should be aware of before making a purchase.

1. Fixer-Uppers

Fixer-uppers are homes in need of renovation or repair, often priced lower to reflect the investment required to bring them up to modern standards.

Advantages:

• Lower initial purchase price

• Opportunity to add value through renovations

• Potential for customization to match your vision

Disadvantages:

• Renovation costs can quickly add up

• Might uncover hidden issues (plumbing, electrical, structural)

• Financing can be trickier as lenders may demand repairs upfront

Caveats: Many of these homes will require detailed property condition disclosures. Always opt for a home inspection, even if it’s waived contractually, and budget for surprises.

2. Stigmatized Properties

These are homes where a death, crime, or other psychologically impactful event occurred, which may deter some buyers.

Advantages:

• Significantly reduced price

• Less competition from other buyers

Disadvantages:

• Potential difficulty reselling in the future

• Emotional discomfort depending on the situation

Caveats: In Ontario, sellers aren’t always legally required to disclose stigmas unless directly asked. It’s wise to conduct your own research or work with a local realtor who knows the history of the area.

3. Estate Sales

An estate sale occurs when the owner has passed away and their estate is selling off the home, often as-is.

Advantages:

• More room for negotiation with motivated sellers

• Can be priced below market to ensure a quick sale

Disadvantages:

• Typically sold “as-is,” with no updates or repairs

• Probate processes can delay closing

Caveats: There may be limited documentation on the property’s history, and disclosure can be minimal. You may also need to work through legal intermediaries rather than traditional sellers.

4. Power of Sale Properties

These occur when lenders seize and sell homes after mortgage defaults.

Advantages:

• Priced below market value for a fast sale

• Quicker closing processes in many cases

Disadvantages:

• Sold without warranty or guarantee of condition

• Minimal negotiation leverage

Caveats: Lenders are legally obligated to disclose any known defects, but they may not know much about the property’s condition. Buyers must conduct thorough due diligence and often accept “as-is” terms.

5. Deliberately Underpriced Listings for Bidding Wars

Some properties are intentionally priced below market value to spark a bidding war.

Advantages:

• May appear to be a great deal at first glance

• Occasionally, buyers snag a win if competition is low

Disadvantages:

• Final sale price often exceeds listing price

• Pressure to waive conditions (like inspections or financing) to stay competitive

Caveats: Fast-paced offers leave little time for proper evaluation. This high-pressure environment can lead to overpaying or skipping essential steps like due diligence.

Where These Properties Are Found

Let’s take a look at where the bulk of these listings are appearing (as at the time of this blog article):

The overwhelming majority are 2-bedroom homes, some with two bathrooms. Three-bedroom options are limited, and only half of those offer a second bathroom.

Who’s Buying These Properties?

Given their affordability and potential for future value, these listings are drawing attention from a range of buyers:

• Contractors looking to flip or rebuild

• Investors eyeing rental returns

• First-time homebuyers seeking an entry point into the market

• Landlords expanding their rental portfolios

Because of the heightened interest and reduced inventory, these homes don’t tend to last long on the market. In some cases, properties receive multiple offers within just a few days.

Important Disclosures and Legal Considerations

It’s essential to understand that many of these properties come with specific disclosure requirements. You may encounter:

• Property-related disclosures: Structural issues, previous damages, or material latent defects.

• Legal disclosures: Probate timelines, rights of way, and power of sale regulations.

• Lender disclosures: For power of sale homes, lenders often provide limited information.

Buyers should always consult a qualified real estate agent and legal professional before proceeding. A property inspection, title search, and review of the seller’s disclosures are critical steps you shouldn’t skip.

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1. Introduction

The Ontario real estate market, particularly in the Greater Toronto Area (GTA), has always been influenced by various economic factors such as interest rates, foreign investments, and government policies. However, one less commonly discussed factor is the role of tariffs. These import taxes, especially on construction materials, significantly impact housing costs, affordability, and investment strategies.

2. Understanding Tariffs

Tariffs are government-imposed taxes on imported goods. They are often used to protect domestic industries, retaliate against foreign trade policies, or generate government revenue. While tariffs can have broad economic implications, their effects on real estate are particularly profound when applied to materials such as steel, aluminum, and lumber—key components in construction.

3. History of Tariffs in Canada

Canada has a history of imposing and responding to tariffs, often in reaction to U.S. trade policies. Over the years, tariffs on construction materials have fluctuated based on trade agreements such as NAFTA and its successor, the USMCA. Understanding the historical context of these tariffs provides insight into their recurring impact on real estate markets.

4. Major Tariffs Affecting Real Estate

Steel and Aluminum Tariffs

Steel and aluminum are crucial in high-rise construction and infrastructure development. Tariffs on these materials increase costs for developers, affecting the pricing of new housing projects in the GTA.

Lumber Tariffs

Lumber tariffs have a direct effect on homebuilding costs. Since many GTA homes are built with wood framing, increased costs lead to higher home prices.

Other Construction Materials

Tariffs on items such as glass, appliances, and plumbing fixtures also contribute to rising construction expenses.

5. How Tariffs Increase Construction Costs

Higher tariffs mean increased costs for builders, who pass these expenses onto buyers. This phenomenon leads to:

• Increased Home Prices: Higher costs of raw materials make homes more expensive.
• Reduced Housing Supply: Developers may delay or cancel projects due to inflated costs.
• Longer Construction Timelines: Increased expenses can lead to financial constraints, slowing down construction projects.

6. The Role of U.S.-Canada Trade Relations

Since much of Ontario’s building materials are imported from the U.S., changes in American trade policies significantly affect Canada’s real estate market. Political shifts and renegotiated agreements like the USMCA dictate tariff rates and their subsequent impact.

7. Foreign Investment and Tariffs

Foreign investors often look for cost-effective opportunities. Rising tariffs may deter international buyers from investing in the GTA market, affecting demand and price trends.

8. Tariffs’ Effect on New Developments

Real estate developers in Ontario, especially in the GTA, are directly impacted by tariffs. Increased costs often lead to:

• Smaller Developments: Builders may opt for fewer units to mitigate expenses.
• Higher Pre-construction Pricing: Buyers must pay more for homes even before they’re built.
• Shifts in Material Sourcing: Developers may seek alternative suppliers to cut costs, potentially compromising quality.

9. Impact on Home Prices and Affordability

With rising construction costs due to tariffs, housing affordability in the GTA becomes a major issue. First-time buyers struggle to enter the market, and existing homeowners see fluctuating property values.

10. How Tariffs Influence Mortgage Rates

While tariffs don’t directly affect mortgage rates, they contribute to inflation. In response, the Bank of Canada may adjust interest rates, indirectly influencing mortgage affordability.

11. Impact on Homebuyers

Increased Costs

Higher home prices mean buyers need larger down payments and higher mortgage approvals.

Limited Choices

A reduced supply of new builds leaves fewer options for prospective homeowners.

Market Timing Concerns

Uncertainty surrounding tariffs makes it difficult for buyers to predict when to enter the market.

12. Impact on Sellers

Changing Buyer Demand

Higher prices may limit the pool of eligible buyers, leading to longer listing times.

Price Adjustments

Sellers may need to adjust their expectations based on market fluctuations caused by tariffs.

13. Government Policies and Responses

To counteract tariff effects, the Canadian government may introduce:

• Subsidies for Builders
• Tax Breaks for First-time Buyers
• Negotiated Trade Agreements to Reduce Tariffs

14. Economic Forecasts and Market Predictions

Experts suggest that unless tariffs decrease, the GTA real estate market will continue experiencing high prices and limited affordability. However, government intervention and alternative supply strategies could mitigate these effects.

15. Strategies for Buyers and Sellers

For Buyers

• Monitor Market Trends: Stay informed about tariff changes.
• Consider Alternative Housing Options: Condos may be more affordable than single-family homes.
• Secure Mortgage Pre-approval Early: Lock in lower rates before they rise.

For Sellers

• Price Competitively: Adjust listing prices to attract buyers.
• Highlight Home Features: Showcase value beyond pricing.
• Be Open to Negotiation: Buyers may seek flexibility due to rising costs.

16. Case Studies and Real-Life Examples

Case Study 1: Condo Development in Downtown Toronto

A developer faced higher costs due to steel tariffs, resulting in a 15% price increase for pre-construction units.

Case Study 2: First-Time Buyer in Mississauga

A couple struggled with affordability as new home prices surged, leading them to opt for a resale property instead.

17. Conclusion and Final Thoughts

Tariffs have a profound impact on the Ontario real estate market, particularly in the GTA. Buyers and sellers must stay informed and adopt strategic approaches to navigate these economic challenges. While tariffs create obstacles, government policies and market adaptability can help mitigate long-term effects.