February 2025 was all about buyer power in the GTA real estate market. Home sales took a 27.4% dip compared to last year, while new listings ticked up by 5.4%, giving buyers more options and negotiation room. Prices softened slightly, with the average GTA home price at $1.08M, down 2.2% year-over-year. High mortgage rates and economic uncertainty kept some buyers on the sidelines, but with potential rate cuts on the horizon, we could see a shift in the coming months.
If you're thinking about buying or selling in the GTA, now’s the time to stay informed. Buyers can take advantage of more inventory and better deals, while sellers need to price competitively. Want to know what’s next for the market?
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