April 07, 2025
Real Estate News
Recent data from the Toronto Regional Real Estate Board indicates that the Greater Toronto housing market is shifting into bear territory. Home prices dropped 0.5% in March to an average of $1,068,500—the first monthly decline since last October—and are down 3.8% compared to last year.
Home sales fell sharply by 23.1% to 5,011 units, while new listings surged 28.6% to 17,263 homes, creating a sales-to-new-listings ratio of just 29%. Industry experts attribute these trends to household uncertainty, tariff threats, and a looming federal election, signaling a buyer’s market.
Royal York Property Management emphasizes the importance of strategic property management during this downturn. In times of market volatility, proactive property maintenance and innovative solutions like our Rental Guarantee Program help protect owners' investments.
Source: Better Dwelling
