Thursday, October 16, 2025

Latest

Rising Inventory Puts GTA Buyers in Driver’s Seat, Contrasting National Trends

While national home sales and prices dipped in April, the Greater Toronto Area (GTA) is experiencing its own set of challenges in the housing market. The GTA saw a 3% drop in sales on a month-over-month basis, in contrast to the 5% gain observed in the Greater Vancouver Area (GVA).

Real estate agents in the GTA are noticing three distinct price segments: the entry-level around $1 million, which is still seeing brisk sales; the high-end luxury market, where properties are trading hands; and the middle segment, which is experiencing a slowdown. Rising inventory in the GTA is allowing buyers to be more selective, with many properties sitting on the market for longer periods.

Patrick Rocca, a broker with Bosley Real Estate, highlighted the shift in the Toronto market and told the Globe and Mail that buyers are no longer under pressure to make quick decisions. He noted that in the midtown Leaside and Davisville area, only three out of 26 listings in mid-May had asking prices under $2 million, with many properties in the $3-6 million range remaining unsold.

Realtor Robert Marsiglio also noted that GTA inventory made one of the biggest jumps year-to-date in the past week.

With sales activity marking the longest slow-down since the year started.

The GTA’s housing market dynamics differ from other provinces, particularly in the middle price range. Buyers in this segment often rely on a combination of financing and capital gains from their current properties, making the timing of transactions crucial. These buyers are likely to remain cautious if their current housing situation is adequate.

Also read: The Ballooning Toronto Condo Problem


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

BoC: Homebuyers On Variable-Rate Mortgage To Face “Painful” Squeeze As Rate Hikes Continue

Carolyn Rogers, senior deputy governor of the Bank of Canada, warned that rising interest rates...

Wednesday, November 23, 2022, 10:27:50 AM

Biden Administration Launches Initiative to Convert Vacant Offices into Affordable Housing

The White House has launched a multi-agency initiative aimed at repurposing vacant office buildings into...

Thursday, November 2, 2023, 03:52:00 PM

Adam Neumann Finally Explains Flow (And It Just Sounds Like A Modified Airbnb)

Former WeWork CEO Adam Neumann wanted to “solve” the shelter problem and disrupt the “world’s largest...

Wednesday, February 8, 2023, 12:58:00 PM

Is Immigration To Blame For Canada’s Housing Crisis?

Canada’s population has reached a significant milestone, hitting 40 million on Friday, with immigration accounting...

Monday, June 19, 2023, 03:04:00 PM

GTA New Home Sales Hit Record Low as Prices Continue to Slide

The Greater Toronto Area’s new home market sees sales reach new record lows with prices...

Friday, June 28, 2024, 11:41:00 AM