MACKEY & McCORMICK

Our Real Estate Update May 2025

Posted on Jun 05, 2025

If you're thinking of selling, now is the time to get strategic. Over 21,000 new listings hit the GTA market in May, and total inventory surpassed 30,000 for the first time on record! The good news is prices are holding steady, with the average home selling for $1,120,879. Buyers are active, and homes are still moving in just 25 days on average. Ha...

Our Real Estate Update April 2025

Posted on May 07, 2025

If you’ve been waiting for the right time to enter the market or make a move up, this might be it! GTA home sales were lower in April compared to last year and new listings were up by more than 8 percent. That means buyers have more selection and possibly some leverage. The average price was just over $1.1 million, and as borrowing costs continue t...

Our Real Estate Update March 2025

Posted on Apr 24, 2025

To get the most out of selling your home in the GTA, it’s important to understand current market dynamics. In March 2025, the average sale price was $1,093,254. There were 17,263 new listings and a total of 23,462 active listings, indicating a highly competitive environment. Homes are selling within 24 days on average, but standing out matters more...

Our Real Estate Update February 2025

Posted on Mar 06, 2025

Today, we’re providing an in-depth look at the current trends shaping the GTA real estate landscape. While sales have decreased to 4,037, we're witnessing a surge in active listings, reaching 19,536. This presents a significant increase in available properties for buyers. The average price is $1,084,547, and with properties selling within an averag...

Our Real Estate Update January 2025

Posted on Feb 06, 2025

The latest Toronto Regional Real Estate Board’s Market Outlook and Year in Review report indicates that a strong housing supply is expected to keep home price growth in line with inflation. As a result, home prices in the Greater Toronto Area (GTA) are projected to see moderate increases over the year. The average home price is currently $1,040,994...

Our Real Estate Update December 2024

Posted on Jan 13, 2025

The GTA real estate market wrapped up 2024 with an average sales price of $1,067,186, representing a 1.6 per cent decline compared to the previous year. Full-year data revealed an average sales price of $1,111,487, indicating a relatively stable selling price over the past twelve months. Total annual sales reached 67,907, a 2.5 per cent increase ye...