Headline numbers
- Average sale price (416): tracking sideways year-over-year
- Detached continues to outperform condo on a per-sqft basis
- Condo inventory remains elevated, especially downtown core
- Days on market averaging 21 in the 416, 16 in the 905
What that means
This is a buyer's market for condos, a balanced market for detached, and a seller's market for well-prepared family homes in transit-accessible neighbourhoods.
Buyer tactics this quarter
- Negotiate. The "automatic over-asking" era for condos is over.
- Insist on financing and inspection conditions where you can.
- Lock a pre-approval at the lowest published rate available, not just your bank's quote.
Seller tactics this quarter
- Stage. Photography is non-negotiable.
- Price to attract showings, not to flatter your equity story.
- Plan for 21,35 days on market and structure your move accordingly.
Next step
Toronto neighbourhood page · Book a free market read on your home