Toronto & Etobicoke Real Estate Market Update Spring 2025
Toronto & Etobicoke Real Estate Market Update Spring 2025
Spring is officially here—the days are longer, the tulips are peeking through, and if you’re anything like me, you’re wondering how it’s already time to buy mini eggs and hide them, or just eat them yourself! 🙂
In this edition of your Toronto and Etobicoke Real Estate Market Update, I’m diving into the numbers from March and wrapping up the first quarter of 2025. While there’s still some economic uncertainty in the air (hello, tariffs), the GTA real estate market is showing some encouraging signs—especially for buyers who’ve been waiting for a bit more breathing room.
Let’s take a look at what’s shifting and what it may mean for you.
According to the latest numbers reported by The Toronto Regional Real Estate Board (TRREB) for March 2025. Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices have declined over the past year, making monthly payments more manageable for households looking to buy a home. Homebuyers in Toronto and Etobicoke continued to enjoy plenty of options in the resale market as March saw an increase in active listings of 20.1% from February.
What can we expect as we move deeper into the spring market? Keep reading to find out more in this month’s Toronto & Etobicoke Real Estate Market Update and find out what it may look like for you if you are thinking about buying or selling a home in the near future.
GTA REALTORS® reported 5,011 home sales through TRREB’s MLS® System in March 2025 – down by 23.1 % compared to March 2024. New listings in the MLS® System amounted to 17,263 – up by 28.6% year-over-year. On a seasonally adjusted basis, March sales were down month-over-month compared to February 2025. The current amount of inventory is well above the ten year average as oversupply continues from February.
The average cost of a home in Toronto and Etobicoke rose to $1,093,254 up 5% from January’s low and 1% month over month. Comparing to March 2024 however, prices are 2.5% lower.
“Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power. Once consumers feel confident in the economy and their job security, home buying activity should improve,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.
IF YOU ARE THINKING ABOUT BUYING
The GTA real estate market is picking up this spring, with more buyers starting to jump back in. With borrowing costs a bit lower and prices slightly down from last year, homeownership is feeling a little more within reach again.
Monthly mortgage payments are more manageable for many households, opening the door for more buyers to get back into the market. With more rate cuts expected soon, it could be the perfect time to make your move—whether you’re buying your first place, moving up, or downsizing.
Already own a home or thinking about getting one? Let’s chat! I can help you plan your next steps and keep you in the loop with what’s happening in your neighbourhood.
Thinking of selling your current home?
Buyer interest is heating up and now’s a great time to cash in on the equity you’ve built. I’ll show you how to boost your home’s value and get you ready for your next home!
Are you interested in finding out how much your home is worth? I use Toronto Real Estate Board data to give you an idea of value. Click here to find out now.
The next
interest rate announcement is scheduled for April 16th where we will more likely see a further reduction by the Bank of Canada in the overnight lending rate by another 025%
With high inventory levels and lower mortgage rates—2025 might turn out to be the year you make that move to the home you’ve been thinking about for a while. If you have been thinking of buying a larger home you will have more homes to choose from and be in a good position to cash out on the equity you have built over the years. Your dream home may be closer than you think.
Let’s connect to help get you there!
There you have your Toronto & Etobicoke Real Estate Market Update for March 2025. Be sure to stay tuned for my update next month as we continue to monitor the shifting Toronto & Etobicoke Real Estate Market.
Whether you’re planning to buy, sell, or invest, staying informed about market trends will be key to making confident real estate decisions. I am here to help you, your family and friends and am always available to answer any questions you have about real estate as the market continues to change on a daily basis
Are you looking for expert guidance? Please get in touch with me to chat about your goals for 2025!
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