The good news? May gave us a breather. Sort of. Prices didn’t skyrocket, interest rates actually blinked (finally), and—wait for it—there were more listings. Yes, actual homes for sale. Not just that one suspicious listing that’s been sitting for 300 days because the shower is also the kitchen.
In plain English: if you’re a buyer, you’ve now got options. And not just “move to Hamilton” kind of options. Real, Toronto-based, still-has-a-TTC-stop options. The market is leaning a little in your favour for once. Sellers are still selling, but buyers are no longer playing musical chairs with mortgages.
That said, don’t be fooled. This isn’t a “press go and buy anything with four walls and a roof” kind of moment. Every neighbourhood is doing its own thing—like that one cousin who went backpacking in Europe and came back a vegan DJ. Some areas are hot. Some are slow. Some are just... confusing.
Here’s the vibe:
There’s more inventory – which means less bidding war-induced trauma.
Prices are slightly lower – not free real estate low, but enough to breathe a little.
Confidence is shaky – global stuff, interest rate hopes, and general “What is even happening with the economy?” energy.
The truth is, if you’re thinking about buying or selling, you need someone who actually understands this city’s real estate chaos—and who’s not going to pressure you into panic-buying a semi-detached shoebox.
So if you’ve been on the fence (or under it, hiding from mortgage calculators), now’s a decent time to poke your head out and explore what’s out there.
Here are the most recent Toronto numbers...
