You Won’t Believe What’s Happening to Toronto Real Estate

About this Video

• Video Title: You Won’t Believe What’s Happening to Toronto Real Estate
• Channel: Tom Storey
• Speakers: Tom
• Duration: 00:11:07

Introduction

This video analyzes Toronto's real estate market in the first half of 2025, focusing on city-wide trends rather than individual neighborhoods. The speaker, Tom, presents data from the Toronto Real Estate Board to discuss changes in average and median sale prices, active listings, and months of inventory for different property types (detached, semi-detached, townhouses, and condos). He aims to clarify the sometimes-confusing picture painted by media reports.

Key Takeaways

• Average sale prices peaked in March 2025 and have since fluctuated slightly, while median prices increased in June. The speaker argues that median price is a better indicator than average price due to the potential for outliers to skew the average.
• Active listings increased significantly in the first half of 2025, primarily due to a surge in condo listings, while sales volume remained historically low.
• Months of inventory for the city of Toronto as a whole remained around five, indicating a balanced market, although some property types, particularly condos, show a buyer's market.
• Year-over-year price decreases were observed for detached homes (6%), townhouses (5%), and condos (4.3%), while semi-detached homes saw minimal change.
• Despite overall price decreases in some sectors, the number of monthly transactions has increased each month in 2025, though it remains significantly lower than in previous years. This is partly explained by a backlog of condo sales, which, once completed, are expected to increase demand for houses.