Outlook for the GTA Real Estate Market in 2025 Rising Home Prices and Softening Condo Values
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The Greater Toronto Area (GTA) real estate market is projected to experience a 5% increase in aggregate home prices by the fourth quarter of 2025, reaching approximately $1,225,770. Single-family detached homes are expected to see a sharper 7% rise to $1,523,466. However, the Toronto condo market is on a different trajectory, with prices anticipated to decline by 1% year-over-year due to a surplus of inventory. The condo market, particularly in downtown Toronto, is described as the softest in recent history. With thousands of new units slated for completion in 2025 and easing interest rates, there will be a short-lived window of affordability, presenting an opportunity for first-time buyers. However, fewer new projects starting now could lead to a future period of low completions and intensified competition as investors return to the market.
Read the full articles on: CBC
