Aisha Chaudhary Real Estate

MARKET UPDATE | MARCH 2025

Winter may still be lingering, and so is some market uncertainty — but March showed a few encouraging signs worth noting. 🌱  

Sales edged up 1.7% year-over-year, with 5,039 homes sold, a modest but meaningful improvement heading into the spring market. At the same time, active listings fell sharply, down 8% compared to this time last year, continuing to tighten available supply.

Prices remained under pressure, with the average selling price coming in at $1,017,796, down 6.7% year-over-year. However, month-over-month, prices held relatively stable, showing a slight uptick from February 2026.

According to TRREB's Chief Information Officer Jason Mercer, buyers continued to hold significant negotiating power last month, which explains the year-over-year price decline. But if market conditions continue to tighten as they did in March, we could start to see prices level off through the remainder of 2026.

On the new construction front, a significant policy announcement is worth paying attention to. Beginning April 1st, 2026 and running through March 31st, 2027, the Ontario and federal governments are offering a full HST rebate of up to $130,000 on newly built homes valued up to $1 million. Homes between $1M and $1.5M receive the flat maximum rebate, while homes between $1.5M and $1.85M receive a proportionally declining amount. Eligibility extends to all buyers, including investors and repeat buyers.

This is a meaningful incentive that is already prompting developers to actively promote remaining inventory. Combined with development charge relief still being finalized at the municipal level, these measures are designed to re-energize demand and address the GTA's ongoing supply shortage.

If you want to understand what any of this means for your next move, I am always here to help you navigate with confidence. ☕️

Your renter era doesn’t end when rates drop.
It ends when you decide to get intentional.

Most renters aren’t stuck because it’s impossible…
They’re stuck because they haven’t seen the real numbers, built a plan, or explored what’s actually doable right now.

✖ You don’t need lower rates
✖ You don’t need 20% down
✖ You don’t need to have everything figured out

You need clarity.
You need a strategy.
You need to understand what your starting point actually looks like.

Because for a lot of people…
Homeownership isn’t years away.
It’s just one conversation away from becoming real.

Even if buying is 6–12 months out, knowing your numbers changes how you save, how you plan, and how you move.

If you’ve been renting and quietly wondering “𝑐𝑜𝑢𝑙𝑑 𝐼 𝑎𝑐𝑡𝑢𝑎𝑙𝑙𝑦 𝑏𝑢𝑦?”
This is your sign to start the conversation.

MARKET UPDATE | FEBRUARY 2026

After a long winter slowdown, GTA housing conditions are beginning to tighten compared to this time last year.

In February 2026, 6,250 homes were sold in the GTA, representing a 6.3% decrease year-over-year. New listings declined at an even faster pace, reducing the supply of available homes. The average selling price came in at $1,008,968, down 7.1% compared to February 2025.

If listing activity continues to trend lower through the spring, buyer competition could increase, supporting prices and future sales activity.

Toronto Regional Real Estate Board Chief Information Officer Jason Mercer noted that substantial pent-up demand exists in the GTA ownership market, with more than 100,000 potential buyers currently holding off on purchasing. Many are waiting for prices to stabilize and for positive developments on the trade front. Once both occur, we could see significant momentum in home sales in the second half of this year and into 2027.

Condominium sales in the GTA declined 11.2% year-over-year in February, while average prices fell 8.9% compared to last year. With approximately 20,000 new condominium units expected to be delivered in 2026, the market will likely continue to face downward pressure on pricing in the near term.

If you’re considering a move and want to understand what these trends mean for you, reach out today!