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🏡 May 2025 GTA Real Estate Market Update: Inventory Climbs, Market Shifts Towards Buyers

📊 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.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.