With the new year underway, the GTA real estate market is already showing some interesting trends. Whether you’re keeping an eye on the market or planning your next move, here’s what you need to know.
What’s Happening With Prices?
The average home price for December landed at $1,067,186. Detached homes and other ground-oriented properties held their value better, while condos saw more price softness. These trends reflect how buyer demand and affordability shaped the year. With rate cuts already in play, we might see the market open up a bit more as 2025 unfolds.
More Listings, Steady Sales
December brought a 20.2% increase in new listings, giving buyers more options to choose from, while sales slowed down by -1.8%. It’s a reminder that timing and preparation are everything in this evolving market.
What’s Next?
The Bank of Canada’s rate cuts late last year could be just the beginning of better affordability for buyers. Whether you’re planning to buy or sell, understanding where the market is heading—and how it aligns with your goals—will be key.
If you’ve got questions or want to talk about your next steps, I’m here to help you figure it all out. Let’s make sure you’re ready to make the most of what this year has to offer.
