July 2025– GTA Housing Market News

Here is our quick market update!

📈 GTA Housing Market Hits 3-Year High for July

Affordability Drives Sales Growth Amid Modest Market Tightening

The Greater Toronto Area (GTA) recorded its strongest July home sales performance since 2021, with improving affordability playing a key role in drawing more buyers into the market. As sales growth outpaced new listings, market conditions showed signs of tightening.

“We’re seeing real momentum in the market,” said TRREB President Elechia Barry-Sproule.
“Lower home prices and reduced borrowing costs are helping more households make the jump into homeownership. While further relief on interest rates is needed, many buyers are clearly finding opportunities in today’s market.”

🏡 Key Market Stats – July 2025

• 6,100 home sales
  🔺 Up 10.9% vs. July 2024

• 17,613 new listings
  🔺 Up 5.7% year-over-year

• Average selling price: $1,051,719
  🔻 Down 5.5% vs. July 2024

• MLS® HPI Composite Benchmark:
  🔻 Down 5.4% year-over-year

On a seasonally adjusted basis, sales were up month-over-month, while new listings also increased—but at a slower rate—indicating a modest tightening in market conditions compared to earlier in the year.

💬 Market Insights from TRREB Experts

“The housing sector is a powerful driver of local economies,” said Jason Mercer, TRREB’s Chief Information Officer.
“As the broader Canadian economy remains stalled amid U.S. trade uncertainty, boosting domestic housing activity is a practical way to stimulate economic growth and job creation. Additional interest rate cuts could help accelerate this momentum.”

🌍 Foreign Buyer Ban: What You May Not Know

TRREB CEO John DiMichele clarified common misconceptions about the federal foreign buyer ban:

“Contrary to popular belief, the ban doesn’t prohibit all foreign nationals from buying property in Canada,” he explained.
“There are several key exemptions that benefit our economy. For instance, non-residents can purchase multi-unit buildings (4+ units), development land, and properties outside major urban centres—including recreational homes. These transactions contribute to regional economic growth and housing supply.”

🛠️ Looking Ahead: Opportunity Amid Transition

With affordability improving and more inventory entering the market, the second half of 2025 may offer a window of opportunity for both buyers and sellers. As always, navigating this shifting landscape is best done with a trusted local REALTOR® who understands current trends, pricing, and neighbourhood dynamics.

🏠 Looking to Buy or Sell?

With the market shifting and opportunities growing, now is the time to connect with a local REALTOR® who understands the current landscape and your specific goals.

All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.

Milton Real Estate Market

The average price in Milton $1,023,334

Burlington Real Estate Market

The average price in Burlington $1,110,282

Oakville Real Estate Market

The average price in Oakville $1,338,263

 

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

February  March  April May  June

Selling Your Home Faster in Canada: Essential Steps for a Quick Sale

Selling your home in Canada can feel like a complex process, but with the right preparation and strategy, you can make it happen faster—and at the right price. Whether you’re in a bustling market like Toronto or Vancouver, or a more balanced one like Calgary or Halifax, the key lies in preparation, pricing, and presentation. Here are the essential steps to help you sell your home faster in Canada.

1. Understand Your Local Market

Before you list, research the local real estate market. Understand the current trends:

• Is it a buyer’s or seller’s market?

• What are similar homes in your area selling for?

• How long are they staying on the market?

Partnering with a local real estate agent is crucial—they’ll give you insights into market conditions, pricing strategy, and buyer behavior in your neighborhood.

2. Choose the Right Realtor

Not all realtors are created equal. Choose someone with a proven track record in your area, strong marketing skills, and local knowledge. Ask for a comparative market analysis (CMA), testimonials, and their marketing plan before signing a listing agreement.

3. Price It Right from the Start

One of the biggest mistakes sellers make is overpricing. Homes that sit on the market too long become stale, leading to price drops and lower final sale prices. Use your agent’s CMA to set a competitive price from the beginning—it’ll attract more buyers and could even spark multiple offers.

4. Declutter, Depersonalize, and Deep Clean

First impressions matter. Prepare your home so potential buyers can imagine themselves living there:

• Declutter to make rooms feel bigger and more open.

• Depersonalize by removing family photos and bold décor.

• Deep clean everything—from windows to carpets to appliances.

A fresh coat of neutral paint can also do wonders.

5. Stage Your Home

Home staging helps highlight your home’s strengths and downplay its weaknesses. Professional stagers know how to create an inviting and aspirational space that appeals to a broad range of buyers. In many cases, staged homes sell faster and for more money.

6. Invest in High-Quality Photos & Virtual Tours

Most buyers begin their search online. Eye-catching, professional photography and virtual tours are non-negotiable in today’s market. They make your listing stand out and give buyers a strong first impression before they ever set foot inside.

7. Market Aggressively

Your agent should list your home on the MLS and syndicate it to major real estate websites. But go beyond the basics:

• Use social media marketing.

• Create targeted online ads.

• Offer video walkthroughs and reels.

• Hold virtual open houses when appropriate.

The more eyes on your property, the faster it will sell.

8. Be Flexible with Showings

The more flexible you are with showings, the more buyers you’ll attract. Be ready for short-notice viewings and keep your home in “show-ready” condition. Consider temporarily relocating if you expect a high volume of showings.

9. Respond Quickly to Offers

Speed is key. If a buyer makes an offer, respond promptly. Being slow to reply can cost you the deal. Work closely with your realtor to review offers, negotiate effectively, and make counteroffers where needed.

10. Be Prepared for the Closing Process

Once you accept an offer, the sale isn’t over. Be prepared for:

• Home inspections

• Appraisals

• Buyer financing

Have all your paperwork ready and stay in close contact with your lawyer or notary to ensure a smooth closing.

Final Thoughts

Selling your home quickly in Canada is achievable with the right approach. From pricing and staging to marketing and flexibility, each step plays a crucial role. A well-prepared home, backed by a knowledgeable agent, stands out in any market—and gets sold faster.

📝 Thinking of selling your home soon? Start with a consultation and find out what your home is really worth in today’s market.

From pricing and staging to negotiating and closing—we’ll walk you through every step to get you sold quickly and confidently.

📞 Book your free home value assessment today!
📧 info@katherinebarnett.com | 🌐 https://www.katherinebarnett.com/ | 📱 416.856.5161

June 2025– GTA Housing Market News

Here is our quick market update!

🏡 June 2025 GTA Housing Market Update

Affordability Improves, But Buyer Hesitancy Lingers

The Greater Toronto Area housing market saw continued signs of affordability in June 2025, as both average selling prices and borrowing costs remained below year-ago levels. Despite this positive trend, many potential buyers are still waiting on the sidelines amid ongoing economic uncertainty.

“The market is steadily recovering,” said TRREB President Elechia Barry-Sproule.
“More listings have given buyers increased negotiating power, and lower interest rates have made homeownership more accessible. Many households in 2025 are now finding the path to owning a home more achievable than it was just a year ago.”

📊 Key Market Stats – June 2025

• 6,243 homes sold across the GTA
  🔻 Down 2.4% year-over-year

• 19,839 new listings
  🔺 Up 7.7% year-over-year

• Average selling price: $1,101,691
  🔻 Down 5.4% year-over-year

• MLS® HPI Composite Benchmark:
  🔻 Down 5.5% year-over-year

On a seasonally adjusted basis, sales increased month-over-month, while new listings declined, continuing the market tightening seen throughout spring.

💬 Expert Insights

“A more stable economic outlook—particularly a firm U.S.-Canada trade deal—could greatly improve consumer confidence,” said Jason Mercer, TRREB Chief Information Officer.
“If paired with two additional interest rate cuts, monthly mortgage payments could become even more manageable, helping to sustain the momentum we’ve seen and supporting prices moving forward.”

🏠 Looking to Buy or Sell?

With the market shifting and opportunities growing, now is the time to connect with a local REALTOR® who understands the current landscape and your specific goals.

All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.

Milton Real Estate Market

The average price in Milton $1,066,102

Burlington Real Estate Market

The average price in Burlington $1,130,101

Oakville Real Estate Market

The average price in Oakville $1,488,777

 

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

January February  March  April May      

🏡 Why Hiring a Real Estate Agent in 2025 Is Still a Smart Move

In today’s digital world, it can be tempting to think you can buy or sell a home on your own. After all, you’ve got online listings, mortgage calculators, and neighborhood data at your fingertips. But behind every smooth real estate transaction is a great deal of work—and often, a great agent.

Whether you’re a first-time buyer, a seasoned seller, or somewhere in between, having an experienced real estate professional by your side can save you money, time, and stress.

Here are 10 compelling reasons why working with a real estate agent is still the smartest move in 2025:

1️⃣ Pricing Expertise That Pays Off

Real estate agents are market experts. They perform detailed Comparative Market Analyses (CMAs) to help sellers price competitively—and help buyers avoid overpaying. Their insight into current trends, local demand, and historical pricing ensures you’re working with numbers that make sense.

2️⃣ Exclusive Access to the MLS

The Multiple Listing Service (MLS) is the heartbeat of real estate data. While consumer sites show listings, they often miss out on real-time updates or full details. Agents use the MLS to help you access the most accurate, up-to-date properties—often before they hit public platforms.

3️⃣ Powerful Negotiation Skills

Real estate agents are trained negotiators. They know when to push, when to wait, and how to approach offers and counteroffers to maximize value for you. Whether it’s price, repairs, or contingencies—your agent acts as a strategic, emotionally neutral advocate.

4️⃣ A Paperwork Pro

From contracts to disclosures to inspection reports, real estate involves a mountain of paperwork. Your agent will handle it with precision, ensuring every form is filled out correctly, signed where needed, and submitted on time—so you avoid costly delays or legal issues.

5️⃣ In-Depth Market Knowledge

Agents stay in tune with local and national trends, giving you insight into the best times to buy or sell. They can also suggest alternatives—like investing in up-and-coming areas or selling your current home before buying your next one. It’s expertise you simply can’t get from a search engine.

6️⃣ A Trusted Professional Network

Need a lender? A home inspector? A moving company? Your agent has you covered. Tap into their vetted network of service providers—saving you hours of research and helping you avoid unreliable options during a time-sensitive process.

7️⃣ They Save You Time

Real estate agents do the heavy lifting. From scheduling showings to coordinating inspections and marketing your listing, they handle it all. Many even drive you to viewings, freeing you up to focus on decisions—not logistics.

8️⃣ Emotional Support (Yes, Really)

Buying or selling a home is emotional—there’s no way around it. An experienced agent helps keep you grounded, offering objective advice during high-stress moments. They celebrate your wins and help you bounce back from disappointments, acting as both advocate and coach.

9️⃣ Contract Confidence

Real estate contracts are legally binding. Even a small oversight can lead to big problems. Your agent ensures everything is accurate, complete, and legally compliant—giving you peace of mind and a solid foundation for your transaction.

🔟 Ongoing Support After the Sale

A great real estate agent isn’t just there for the closing—they’re in it for the long haul. Whether you need a handyman, another property, or advice on the market down the road, your agent is part of your trusted post-sale support team.

🏠 So… Should You Hire an Agent?

Yes—especially if you want the process to be smooth, efficient, and financially smart. While DIY real estate is technically possible, the risks often outweigh the savings. Hiring a qualified real estate agent means getting a trusted partner who looks out for your best interests from start to finish—and beyond.

Thinking of buying or selling? Reach out to a local agent today. You’ll be glad you did.

Source: RE/MAX

May 2025– GTA Housing Market News

Here is our quick market update!

📊 GTA Housing Market Update – May 2025

Affordability Improves, Buyer Confidence Lags

The Greater Toronto Area (GTA) real estate market saw improved affordability in May 2025 compared to the same period last year. With sales down and listings up, many homebuyers took advantage of increased choice and stronger negotiating power.

“Homebuyers across the GTA are clearly benefiting from more inventory and softer pricing,” said TRREB President Elechia Barry-Sproule. “But every neighbourhood is different. That’s why it’s crucial to work with a REALTOR® who knows the local market and can help navigate specific housing needs with expertise and the right tools.”

📉 Key Stats – May 2025

• 6,244 homes sold through TRREB’s MLS® System
  🔻 Down 13.3% from May 2024

• 21,819 new listings
  🔺 Up 14% year-over-year

• Average selling price: $1,120,879
  🔻 Down 4% year-over-year

• MLS® HPI Composite Benchmark:
  🔻 Down 4.5% year-over-year

On a seasonally adjusted basis, sales were up month-over-month for the second straight month, while listings also rose, though at a slower pace—indicating a slight tightening in market conditions.

💬 Expert Insight

“Ownership costs are more manageable this year thanks to lower prices and borrowing rates,” said TRREB Chief Information Officer Jason Mercer.
“But despite the improved affordability, buyer hesitation remains. Economic uncertainty—particularly surrounding Canada-U.S. trade—continues to weigh on consumer confidence. Stabilizing that relationship and further interest rate cuts could help reenergize the market.”

🏗️ Looking Ahead: Housing Policy & Market Outlook

TRREB CEO John DiMichele emphasized the need for tangible policy action following the federal government’s recent housing commitments:

“To restore affordability, we must cut excessive housing taxes and fees, adopt innovative construction methods, and streamline approval processes to boost supply. These steps would not only help homebuyers but also stimulate economic growth. With inflation under control, the time is right for further rate cuts—especially for first-time buyers and those facing mortgage renewals.”

👀 Thinking of buying or selling this year?
Connect with a local REALTOR® to get expert advice tailored to your area and property type.

All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.

Milton Real Estate Market

The average price in Milton $1,058,365

Burlington Real Estate Market

The average price in Burlington $1,120,072

Oakville Real Estate Market

The average price in Oakville $1,058,365

 

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

December January February  March          

Dreaming of a home makeover but working with a limited budget? You’re not alone—and the good news is, you don’t need a massive bankroll to transform your space. With the right approach, home renovations can boost your property value and refresh your surroundings without draining your savings.

Whether you’re aiming for better functionality, updated aesthetics, or simply a fresh feel, here are essential do’s and don’ts to help you renovate smart, stylish, and within budget.

🛠️ DIY or Call the Pros?

✅ DO: Know your limits before diving into a DIY project
While DIY renovations can save money, they’re not one-size-fits-all. Be honest about your time, tools, skills, and physical abilities. Tackle projects that are within your comfort zone, and don’t hesitate to outsource the rest.

🚫 DON’T: Take risks with health or safety
Jobs that involve mold, asbestos, lead, or require plumbing or electrical work are best left to licensed professionals. A poorly executed DIY could cost more in the long run to fix than hiring an expert in the first place.

💡 Quick Tip: Budget extra for DIY surprises—unexpected costs are almost inevitable, and padding your estimate helps prevent headaches.

♻️ Maximize What You Already Own

✅ DO: Reimagine your existing layout and décor
Sometimes, a room doesn’t need new stuff—it just needs a fresh perspective. Try rearranging furniture or swapping items between rooms to create a new flow and feel.

🚫 DON’T: Underestimate the power of small changes
Revamping a room might be as easy as updating lighting, changing pillow covers, or adding a pop of color through accessories. Even reframing art or using oversized matting can transform the look of your walls.

💡 Quick Tip: Hanging frames or wall grids are inexpensive ways to create gallery-style effects with existing photos, posters, or maps.

🔄 Repurpose Before You Replace

✅ DO: Give old pieces a second life
Before tossing out cabinets or furniture, think about how you can update them. Repainting cabinets, refinishing wood furniture, or replacing outdated hardware can make a huge impact at a fraction of the cost.

🚫 DON’T: Rush to replace items that just need a facelift
Many elements in your home—like light fixtures, drawer pulls, or doors—can be modernized rather than replaced entirely.

💡 Quick Tip: Swapping out knobs, faucets, or light switch covers is an easy upgrade with a big payoff in appearance.

🏗️ Know When Permits Are a Must

🚫 DON’T: Skip the legal steps for major renovations
Planning to knock down a wall, add a bathroom, or convert space into a bedroom? Make sure to check your local building codes and apply for the necessary permits.

✅ DO: Plan ahead to avoid costly delays
Permit approvals can take time. Start early to avoid stalling your renovation timeline.

💡 Quick Tip: Your city’s website usually outlines permitting requirements—review them before you commit to a project.

🎨 Get Creative and Have Fun

✅ DO: Infuse personality into your home
Renovations don’t have to be serious and sterile. Add pops of color that lift your mood, try peel-and-stick wallpaper for bold (but temporary) statements, or mix materials like wood, stone, and fabric for added texture.

🚫 DON’T: Neglect your outdoor space
Simple outdoor upgrades—like planting seasonal flowers or adding solar lighting—can enhance curb appeal. For low-maintenance beauty, look into xeriscaping or native plants that thrive in your local climate.

💡 Quick Tip: Even your front door can get a facelift—paint it a bold color for an instant style boost.

💬 Final Thoughts

Transforming your home doesn’t require a massive investment. With a little creativity, strategic planning, and a willingness to repurpose, you can breathe new life into your space—and maybe even boost your property value while you’re at it. Remember: Smart renovations aren’t just about how much you spend—they’re about how thoughtfully you invest your time and resources.

Source: RE/MAX

April 2025– GTA Housing Market News

Here is our quick market update! The GTA real estate market moved pretty much in line with seasonal trends in April, with a slight bump in sales over March. That said, things are still noticeably quieter compared to last year. Sales were down 23% year-over-year, with 5,601 homes sold across the region.

Looking at the year so far, sales from January through April total 18,551 — that’s also 23% lower than the same time in 2024. And it’s worth remembering that last year was already slower than usual when compared to the 20-year average. So far, 2025 is shaping up to be even more of a slow start. Buyers are clearly still sitting on the sidelines, waiting not just for lower interest rates, but also for more clarity around the overall economy.

On the flip side, listings are way up. Active listings jumped 54% compared to last year, and new listings in April alone were up 8.1%. This means buyers have a lot more choice, and that’s giving them the upper hand in negotiations.

With more inventory on the market, prices have edged down. The average selling price in April was $1,107,463 — down 4.1% year-over-year — and the broader price index also showed a 5.4% decline. Month over month, prices dipped slightly as well. While buyers are managing to get better deals on some properties, homes that are priced right and marketed well are still selling, sometimes quickly.

All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.

Milton Real Estate Market

The average price in Milton $1,049,129 

Burlington Real Estate Market

The average price in Burlington $1,114,810

Oakville Real Estate Market

The average price in Oakville $1, 513, 732

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

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