MACKEY & McCORMICK

Our Real Estate Update November 2025

Posted on Dec 03, 2025

The GTA market took a softer turn in November, but for buyers, that may be welcome news. Prices slipped 1.3% to about $1.04 million, while sales slowed, opening the door for more negotiation power. Detached and semi-detached homes, along with townhomes all saw price declines, with inventory still well above the 10-year average. With borrowing costs...

Our Real Estate Update October 2025

Posted on Dec 03, 2025

Market momentum is building again across the GTA. October sales jumped over 10% month-over-month, while prices held steady just above $1.05 million. Buyers are active, but selective and inventory is starting to thin. That means well-priced, well-presented homes are moving faster.

For more details on the October 2025 monthly figures and the latest R...

Our Real Estate Update September 2025

Posted on Oct 07, 2025

September showed us a market in motion. Sales rose again, up 8.5% over last year, thanks to lower interest rates and improved affordability. But buyers remain price-sensitive, pushing average sale prices down nearly 5% annually. New listings pulled back compared to August, so while competition is still real, the window to list strategically is open...

Our Real Estate Update August 2025

Posted on Sep 09, 2025

August ultimately marked the continuation of price declines across most property types, with detached and condo values sliding back to 2021 levels. Yet sales have now recorded three straight months of year-over-year gains, and inventory is trending lower from summer peaks. These developments suggest improving buyer confidence and the potential for...

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...