The GTA real estate market in March 2025 saw a significant increase in new listings, providing more options for buyers. While sales were down year-over-year, prices have softened slightly, leading to improved affordability. However, economic uncertainty is causing some buyers to remain cautious. We are in a BALANCED MARKET (depending what area you are in!)

KEY MARCH STATISTICS GTA:

Here are some key statistics about the GTA real estate market in March 2025:

Sales Activity:

• There were 5,011 home sales reported through TRREB's MLS® System in March 2025.
• This represents a 23.1% decrease compared to the 6,519 sales in March 2024.
• However, on a month-over-month basis (February 2025 to March 2025), sales were up by 24.1%.
• This March recorded the slowest sales in over two decades.

New Listings:

• The number of new listings in March 2025 amounted to 17,263.
• This is a significant 28.6% increase compared to the 13,423 new listings in March 2024.
• New listings also increased by 43% from February 2025.
• March 2025 had the highest number of active listings for the month of March in 16 years.

Inventory:

• Active listings at the end of March 2025 were significantly higher compared to the previous year, up by 88% year-over-year.
• The sales-to-new listings ratio dropped to 36.6%, indicating a move into buyer's market territory.
• The average days on market increased from 20 days in February 2025 to 24 days in March 2025.

Market Trends and Observations:

• Despite improved affordability, some buyers are taking a "wait-and-see" approach due to broader economic uncertainty and the upcoming federal election.
• The significant increase in new listings is providing buyers with more choices and greater negotiating power.
• Different property types experienced varying price changes and sales activity. Detached homes remained the most expensive, while the condo market showed more accessible price points.
• The market is shifting towards a more balanced state, with less of the rapid price increases and intense competition seen in previous years.

Its not easy to navigate today’s market and every situation is different. But thank you to everyone who has reached to out to chat.  This is what we do and love being a voice of reason.  We are always available to chat about any questions you have - no obligation! CALL / TEXT US AT 416-457-1722

HEY RENTERS! It's YOUR TURN..... To all our rental clients keeping an eye on the market and wondering if there's ever a "right" time to buy—this might just be it.I get it. You’re probably thinking, “Real estate agents always say it’s a great time to buy.” But if you’ve been following the Armstrong Team for any length of time, you know we don’t say that lightly. When we tell you the time is right, we truly believe it. Here’s why:The condo market has been soft—especially for one-bedroom units.Right now, there’s a huge amount of inventory. In fact, across the downtown core—from Swansea to Leslieville—there are currently 560 one-bedroom condos for sale priced between $400,000 and $600,000. That’s a ton of choice for buyers. Surprised? So were we.March was slow for real estate.New listings jumped by more than 28%, while sales dropped by over 23%. That gap means more supply and less demand—something savvy buyers can take advantage of.Many buyers are still on the sidelines.Thanks to global uncertainty, a lot of people are waiting to see what happens next. But if you’re in a solid financial position, this creates a window of opportunity for you. Less competition means more room to negotiate and score a great deal.That said—if now isn’t the right time for you, that’s totally okay. We’re always happy to support your rental journey until the time is right. But if you’re ready to explore buying, let’s chat. We’ll guide you through every step.Does this sound like you? Contact our Team Member Dori Romantini Today - No Obligation! 

Curious about your home value?

We have time next week to chat and provide an assessment on your property. These are quick market breakdowns, including past sales, and assessments.  Feel free to reach out or complete the form here. Karolina & Jarrod https://jarrodarmstrong.com/home-evaluation.html Subscribe to our monthly stats updates to keep yourself informed on all the market changes... and book a consultation with us if you’re ready to make your next big move!

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