MACKEY & McCORMICK

Our Real Estate Update July 2025

Posted on Aug 15, 2025

Home sales across the Greater Toronto Area saw their strongest results for the month of July since 2021, with 6,100 transactions - an annual increase of 10.9 per cent over July 2024. Economic uncertainty and ongoing tariff impacts have paused the interest rate declines that began earlier in the year, but the fundamentals have shifted in buyers’ fav...

Our Real Estate Update June 2025

Posted on Jul 18, 2025

Thinking about buying a home? This June, the GTA market is giving buyers some negotiating power. Inventory climbed to 31,603 active listings, giving buyers more negotiating power, particularly in the condo sector. The average selling price was $1,101,697, with condos at $696,424, and a wide range of options available across property types. Sales he...

Our Real Estate Update May 2025

Posted on Jun 05, 2025

If you're thinking of selling, now is the time to be strategic and have the right real estate team with the experience, marketing systems and negotiating skills to successfully manage the current resale landscape. 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...

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...