2025 Q1 Quarterly Resale Condo Update
In a snapshot:
The GTA condo resale market continued to soften in March
The GTA condo rental market showed signs of stability in March, as demand kept pace with supply and average rents held steady from February. On a year-over-year basis, average rents declined 4.2%. Even so, rents remained 10.4% higher than they were five years ago at the onset of the pandemic in March 2020.
With the steady flow of new condo units reaching completion, we can expect continued pressure on prices in the resale market due to rising inventory levels.
For Investors, it's encouraging to see signs of stability in the rental market, with demand keeping pace with supply and average rents beginning to level out.
For Buyers, the resale condo market are offering more options and declining prices. Prices are down compared to last year but still higher than in 2020, offering a chance to find better deals. Rising inventory levels might push values down further, so it could be a strategic time to negotiate and explore options.
For Sellers who are thinking of selling, you will need to price competitively and focus on showcasing unique features to attract buyers in this crowded market.
For Move-Up Buyers who are looking to upgrade to a bigger or more luxurious unit, this could be a strategic time to act. While your current property may sell for less than peak prices, the declining market means you’re likely to secure a better deal on your next purchase. With more inventory and falling prices, there are plenty of options to explore for your move-up needs.
If you'd like deeper insights, I can create a custom report for your micromarket to provide specific trends and recommendations based on your situation. Let me know if you’re interested!
About Anne Lok, Broker B. Arch, M.AAD.
Anne is a Toronto-based realtor with an architectural background, specializing in design-forward properties in historically rich neighborhoods. She offers a customized approach for each client, helping buyers find homes that blend timeless charm with modern functionality. Anne also guides sellers in showcasing the unique appeal of their properties and assists investors in identifying opportunities with strong potential for growth.
