FEBRUARY GTA - Monthly Market Report

📊 February 2025 GTA Housing Market Update 🏡In February, the Greater Toronto Area (GTA) experienced a notable shift in the housing market:​

• Home Sales: Declined by 28.5% compared to January, following a 12.4% increase in the previous month. Year-over-year, sales dropped by 27.4%. ​reuters.com
• New Listings: Seasonally adjusted new listings decreased by 24.3% from January but saw a 5.4% increase compared to February 2024. ​reuters.com+1reuters.com+1
• Home Price Index: Fell by 1.5% month-over-month to C$1,063,300, marking a 1.8% decrease from the same period last year. ​bestmortgageonline.ca+2reuters.com+2reuters.com+2

These trends suggest that trade uncertainties are impacting buyer confidence, leading to a more balanced market with increased negotiating power for buyers. ​reuters.comFor personalized insights or assistance navigating this evolving market, feel free to reach out.#lolaoduwole #coasttocoast #buyers #ontariorealestate #bcrealestate #rentals #leases #condos #detachedhomes