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📊 Market Snapshot
Total Sales: 6,244 (-13.3% YoY, +11.5% MoM)
Average Selling Price: $1,120,879 (-4% YoY, +1.2% MoM)
New Listings: 21,819 (+14% YoY, +15.8% MoM)
Active Listings: 30,964 (+41.5% YoY, +13.1% MoM) — the highest in nearly 25 years
Sales-to-New Listings Ratio: 38%
Property Days on Market (PDOM): 39 days
Listing Days on Market (LDOM): 25 days
Months of Inventory (MOI): 4.96 — indicating a balanced market leaning towards buyers
🧠 Top Takeaway
May 2025 marked a significant shift in the GTA housing market. While sales saw a modest month-over-month increase, the surge in active listings to a 25-year high has tilted the market dynamics. With a sales-to-new listings ratio of 38% and nearly 5 months of inventory, buyers are gaining more negotiating power, especially in certain segments.
What's happening locally? Durham & Toronto Market Insights
Every city/town is unique as are the communities within them. Scroll through to find your town.
🏘️ Segment Insights
Condos: With over 7 months of inventory, condos, particularly 1-bedroom units, remain firmly in a buyer's market. They account for 34% of active listings.
Detached Homes: Representing 44% of inventory, detached homes have 4.6 months of inventory, indicating a balanced market.
Townhomes & Semis: These segments continue to stay balanced, offering opportunities for both buyers and sellers.
Regional Highlights:
Durham Region: Balanced market with 3.25 months of inventory.
City of Toronto: Leaning towards a buyer's market with 5.23 months of inventory; condo apartments at 7.42 months.
💰 Mortgage & Financing Update
On June 4th, the Bank of Canada held its benchmark rate steady at 2.75% for the third consecutive time, citing economic uncertainties stemming from global trade tensions. Fixed mortgage rates have seen slight increases, with RBC raising its 3, 4, and 5-year fixed rates by 5 basis points.
🧭 Guidance for Buyers & Sellers
Buyers:
More Options: The surge in listings provides a broader selection. Take your time, conduct thorough due diligence, and don't rush decisions.
Upgraders: Ensure you have a clear understanding of the financial implications of selling and buying in the current market.
Downsizers: Smaller detached homes and townhouses are seeing increased competition as they align better with buyer purchasing power.
Sellers:
Preparation is Key: With increased competition, focus on the 3 Ps: Preparation, Price, and Promotion.
Entry-Level Homes: Still in demand.
Larger Detached Homes: Be prepared for a longer selling window. Strategic pricing and marketing are essential.
🔮 Market Outlook
The GTA housing market is experiencing a transition. While certain segments remain competitive, the overall increase in inventory provides buyers with more leverage. Sellers need to adapt to the changing dynamics by ensuring their properties are well-prepared and competitively priced.
Need personalized advice? Whether you're buying, selling, or just exploring your options, we're here to help you navigate the evolving market landscape.
👉 Contact Us for a consultation tailored to your needs.
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