🏡 Summer 2025: Buyers, This Is Your Shot🎯

I’ve been tracking this market day in and day out, and here’s the reality: in some GTA neighbourhoods, homes are selling for hundreds of thousands less than they did at the peak — in a few cases, the drop is close to a million dollars. These aren’t fixer-uppers or desperate sales. They’re good homes in good areas where the market has simply shifted.

For the first time in a long time, the Greater Toronto housing market is leaning in buyers’ favour. Prices have eased, competition has thinned, and the pace has slowed enough for you to make smart, deliberate moves.

CMHC’s latest outlook says the housing market across Canada will stay softer through the rest of 2025. That’s partly because of slower economic growth, higher unemployment, and developers hitting pause on projects due to costs and uncertainty.

For buyers, that translates into less competition, more choice, and sellers who are realistic about meeting the market. The same report expects a recovery in 2026 as trade tensions ease, rates stay manageable, and buyer confidence returns. That means this softer phase isn’t permanent — and it’s why the people who act now are going to look smart later.

A 2% drop nationally might not sound huge, but here in Ontario and B.C., the declines are bigger — and in some pockets of the GTA, they’re dramatic. When prices in prime neighbourhoods come down by that kind of margin, it creates opportunities you don’t see often.

This isn’t a “fire sale” market — it’s a market that’s normalizing after years of runaway growth. That’s the sweet spot where you can buy with confidence, knowing you’re not overpaying in a frenzy but also not risking a massive value drop.

The stress of the last few years — 10-minute decision windows, blind bidding wars, crowded open houses — is gone. Now, you can actually take the time to shop, compare, and negotiate without pressure.

And here’s the part most buyers underestimate: that breathing room is worth almost as much as the price drop. It’s the difference between buying something you love on your terms and scrambling to win something “good enough” just to get in.

CMHC expects mortgage rates to hold steady in the near term and possibly ease as we move into 2026. That means you can buy today knowing your payment will be stable — and if rates drop later, you’ll have the option to refinance and lower it further.

The difference this year is that you’re not paying peak-2022 prices. You’re buying at a discount with the potential for your costs to shrink over time.

My Take:

The best time to buy is rarely when the market is booming. It’s when you have choice, time, and negotiating power — exactly like we do now. I’m seeing opportunities in the GTA that simply weren’t possible two or three years ago, and they won’t last once the market shifts gears.

📞 Contact Subodh Sharma at Skill Realty 📱 (416) 675-6300

Let’s find the right place — and the right deal — together.