After more than 20 years navigating Toronto’s real estate landscape, I’ve seen how shifts in home prices can shape opportunities for buyers and sellers alike. This period, we’re seeing average home prices edge just below the $1 million mark—around $993K, about 3% lower than last year. For many, this dip translates into improved affordability. But there’s another side to the story: new listings have tightened by 14%, with just over 12,000 homes coming to market, and overall sales are down about 2%. Fewer options out there means buyers have less choice, and competition could heat up, supporting prices even as some households remain cautious due to future borrowing costs and economic uncertainties.
Drawing on my experience as a realtor, former IT professional, and longtime advocate for our community, I see how balanced mortgage conditions and positive economic signs can encourage buyers—yet the low inventory keeps everyone alert. If listings continue to drop and prices begin to rise, we may see buyers making moves sooner, while improved conditions could also bring new sellers to market. That’s the ever-evolving nature of Toronto real estate, and why I believe in a multi-dimensional approach to every transaction.
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