In March 2025, homeownership in the Greater Toronto Area (GTA) became more accessible than the previous year. Over the past year, both borrowing costs and home prices have decreased, easing monthly payments for households aiming to purchase a home.
"Due to ongoing trade uncertainty and the upcoming federal election, many households are probably adopting a wait-and-see stance on buying homes. If trade concerns are resolved or public policies help reduce the effects of tariffs, home sales are likely to rise. Prospective buyers need to feel confident in their job stability before committing to long-term mortgage payments," said Jason Mercer, Chief Information Officer at TRREB."**
To access the full report, click here: https://trreb.ca/market-data/market-watch/
If you would like more details or are curious to see what your home is worth, looking to Buy, Sell or Invest in 2024, please call us at 📞416-806-9225.
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** Source: Toronto Regional Real Estate Board (2025)
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