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The market remains active, with detached homes leading demand, while townhouses and semi-detached homes continue to attract value-seeking buyers. The condo market is seeing consolidation as a significant number of new builds have been completed, increasing inventory more than other home types. This has given buyers more options, softening price growth. Overall, buyers are watching interest rates closely, while sellers need to stay competitive with pricing and presentation to attract offers in this evolving market.
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This chart highlights the average home prices across different property types in the GTA for January 2025. Detached homes remain the most expensive, while condos offer the most affordability. Market trends suggest steady price growth for single-family homes as demand continues to shift.
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While detached homes hold their value, condos are seeing inventory-driven price adjustments, making them more affordable for first-time buyers. Market conditions in 2025 remain balanced, with opportunities for both buyers and sellers.
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The GTA housing market has seen a steady rise in Days on Market (DOM), peaking at 40 days in 2025 as increased inventory and cautious buyers slow sales. In contrast, homes sold fastest in 2021 (15 days) due to strong demand and low interest rates. With buyers taking more time to decide, sellers must price competitively and present homes well to stand out.
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The GTA Home Sales & Interest Rates Correlation (2020-2025) chart highlights the inverse relationship between interest rates and home sales. As rates remained low from 2020-2021, sales peaked, but as borrowing costs rose sharply in 2022-2024, sales declined. The 2025 sales figure is an estimate, reflecting a potential market rebound as the Bank of Canada lowers rates to 3.0%, making mortgages more affordable. While demand is expected to improve, buyers remain cautious, and the market is still adjusting to economic conditions.
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BoC cuts key rate by 25bps
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The annual inflation rate eased to 1.8%
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Spacious Family Bungalow with In-Law Suite Potential in Prime Maple Location!
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This stunning solid brick bungalow offers incredible versatility with a walkout lower level, perfect for an in-law suite or rental income. Sitting on a massive 124 x 188 ft lot, the home features a bright open-concept living space, a modern kitchen with a cozy dinette, and two bathrooms on the main floor. Enjoy a heated above-ground pool, scenic creek views, and endless future potential, including lot severance. Just minutes from top-rated schools, parks, shopping, and Rutherford GO, this is a rare find in the heart of Vaughan!
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Ross Talibov BCom - Law & Business
Ross is a trusted real estate broker, owner of RE/MAX Elite Real Estate Brokerage, lakeshore branch and the founder of SoldHistory. With over a decade of experience and a proven track record in the Greater Toronto Area, he has successfully guided clients through more than $250 million in transactions, ranging from family homes to high-value investments. Known for his results-driven approach and deep market expertise, Ross delivers Next Level Professionalism in every transaction—whether buying, selling, or investing.
Reach out to him for a free home evaluation or buyer consultation today!
Cell: 647-787-8979
RossTalibov.ca
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Free Home Evaluation – Know Your Home's Worth
Curious about how much your home is worth in today's competitive market? Get a free, no-obligation home evaluation and discover your property's potential value with insights tailored specifically to your neighborhood.
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Interested in Buying?
Looking to take advantage of new mortgage rules or find your dream home in the GTA? Let us guide you through every step of the buying process.
Start Your Home Search Today
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07 January, 2025
21 December, 2024
10 November, 2024