🏠 Inventory Is Rising & Prices Are Easing. Is The Market Finding Its Balance?⚖️
Something’s shifting in the Toronto housing market — and this time, it’s in buyers’ favour.
For 12 straight months now, inventory across the GTA has been rising. Active listings jumped more than 85% year-over-year in March, and with that, pressure is starting to ease on prices. The average home price dipped to $1,093,254, down 2.5% from this time last year.
It’s not a dramatic crash — it’s a slow, steady shift. And for buyers who’ve been on the sidelines, that’s good news.
We’re seeing more listings, less competition, and a growing number of sellers adjusting their pricing strategies. Bidding wars aren’t as aggressive, and buyers are starting to see the return of conditional offers and room to negotiate. – Subodh Sharma
Instead of rushing into decisions, people can actually take a breath, assess their options, and make smart moves. That’s a big shift from the urgency we saw over the past few years.
If you’ve had your eye on the condo market, there’s a lot happening. A surge in newly completed units is adding to the supply — especially in Toronto and Hamilton — and that’s keeping prices competitive.
This is giving buyers more leverage, especially those who have their financing ready and are in a position to act. Whether you’re a first-time buyer or just looking for the right fit, this could be a solid window to explore the market without the pressure.
For renters, there’s movement as well. With rent prices easing and more listings available, tenants are finding better options — sometimes in better neighbourhoods — without having to stretch their budgets.
Whether you’re planning to rent a little longer or thinking about ownership, there’s more room to make the right decision on your timeline.
The election’s wrapped — and the Liberals are holding the reins again. 🗳️🇨🇦 If you’ve been following the housing conversation, you might’ve caught the video where they laid out their new housing plan. (If not, it’s worth a watch.)
We’re keeping a close eye on how this could impact rates, inventory, and buyer confidence heading into fall.
