March 2025 saw a continued shift toward buyer advantage in the GTA real estate market. Home sales dropped 23.1% compared to last year, while new listings surged by 28.6%, giving buyers more choice and negotiation power. The average selling price came in at $1.09M, down 2.5% year-over-year, with the MLS® HPI benchmark also down 3.8%.
Improved affordability—thanks to softer prices and lower borrowing costs—is giving households more breathing room, but economic uncertainty and the upcoming federal election are keeping many buyers cautious. TRREB expects potential rate cuts this spring, which could help boost confidence and activity.
Thinking of making a move? Buyers have more leverage, and sellers need to stay competitive.
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