📈 Key Highlights:
- Sales: 6,100 (up 10.9% YoY)
- New Listings: 17,613 (up 5.7% YoY)
- Average Selling Price: $1,051,719 (down 5.5% YoY)
- MLS® Home Price Index: Down 5.4% YoY
Market conditions tightened modestly as sales grew faster than new listings. Seasonally adjusted data also shows month-over-month sales gains, suggesting that improved affordability and lower borrowing costs are drawing more buyers back into the market.
“More households are finding affordable paths to homeownership,” said TRREB President Elechia Barry-Sproule. “While additional relief is needed in borrowing costs, the trend is positive.”
Despite the ongoing impact of trade uncertainty with the U.S., TRREB highlights that the housing sector remains a key driver of domestic economic growth, generating significant spin-off benefits for regional economies.
💡 Foreign Buyer Insights:
There’s a common misconception that Canada’s federal foreign buyer ban completely blocks non-residents from purchasing property. In reality, exemptions allow foreign buyers to purchase:
- Multi-unit buildings with 4+ units
- Vacant land or land for development
- Residential properties outside urban centres, including recreational homes
This flexibility supports continued investment and job growth, benefiting both the housing market and the broader economy.
✅ How Lendworth Helps You Seize This Market Opportunity
With home prices down year-over-year and more inventory hitting the market, now is a strategic time to buy or refinance. At Lendworth, we specialize in equity-based lending, meaning:
- No heavy income reviews – we focus on your property’s value
- Fast approvals and funding – helping you move quickly on new opportunities
- Solutions for debt consolidation, home improvement, or investment properties
📞 Contact Lendworth today to leverage your home equity and make your next move in the evolving GTA housing market.