Home sales, new listings, and average prices all came in lower than the same time last year. Not exactly shocking. A lot of people are waiting for clearer economic signals before jumping into homeownership. It is the adult version of hovering your finger over a big red button and thinking, I’ll press it in a minute.
Even with the slower pace, the market is far from stagnant. Softer prices and more manageable borrowing conditions are opening up possibilities for people who may not have seen themselves owning yet. Toronto can feel like a city where every door needs a secret password, but right now a few of them are cracked open.
There is still a healthy amount of resale inventory, which gives buyers time to explore and make thoughtful choices. The moment that inventory gets absorbed, new construction will need to fill the pipeline. Think of it like adding fresh chapters to a book the city has already started writing. The story keeps moving forward, but only if new pages exist.
Here are the most recent Toronto numbers…
