January brought a mix of shifts in the GTA real estate market. Here’s what stood out:

• Sales slowed slightly – 3,847 homes sold, down 7.9 percent from last year.
• Listings surged – 12,392 new properties hit the market, a significant 48.6 percent increase.
• Prices held steady – The average home sold for $1,040,994, a modest 1.5 percent increase.

What does this mean for buyers and sellers?

More listings and lower mortgage rates are setting the stage for a market shift. While global trade uncertainties may cause some hesitation, the overall trend is clear—more supply and better affordability will support steady price growth in 2025.

For buyers, this is a rare window of opportunity. More choice, less competition, and lower borrowing costs create ideal conditions to make a move.

If you are thinking about buying or selling, let’s discuss the best strategy for you in this changing market.