The Property Stop

Typically, the vacancy rate is used to determine the number of available units in a rental property. It is the opposite of the occupancy rate.

Property owners can evaluate the performance of properties and neighborhoods by examining vacancy rates. Fluctuations in these rates, along with average occupancy durations, can reveal how competitive certain areas or rental units are within the real estate market.🏠

Wishing you an egg-stra special Easter! May your day be full of family, chocolate, and cozy vibes⭐🪺

In March 2025, homeownership in the GTA became more accessible as lower borrowing costs and declining home prices over the past year reduced monthly payments for buyers.

According to TRREB, 5,011 homes were sold—a 23.1% decrease from March 2024—while new listings surged by 28.6% to 17,263. The MLS Home Price Index (HPI) Composite dropped 3.8% year-over-year, and the average selling price fell 2.5% to $1,093,254. On a monthly basis, the MLS HPI Composite edged lower, while the average price remained steady.