According to the Toronto Regional Real Estate Board (TRREB):
- Sales: 6,243 homes sold (down 2.4% year-over-year)
- New Listings: 19,839 listings (up 7.7% year-over-year)
- Average Price: $1,101,691 (down 5.4% year-over-year)
- Average Days on Market: 42 days
Affordability has improved across the GTA. Both prices and mortgage rates are lower than this time last year. But despite better deals and more listings, many buyers are still waiting on the sidelines.
Month-over-month, sales are up and new listings are down, which is an early sign of a tightening market. But the real driver isn’t just affordability—it’s confidence. Buyers are waiting for further rate cuts and stronger economic signals before making a move.
Inventory Surge: Homes Are Sitting
While sales stayed cool in June, what really stands out is how many homes are sitting on the market. There are now over 31,000 active listings across the GTA, more than double the 15,000 we had just two years ago.
Active Listing Growth – June 2023 vs. June 2025:
- Detached: 6,817 → 14,143 (+107%)
- Semi-Detached: 825 → 1,801 (+118%)
- Townhouse: 1,112 → 2,419 (+117%)
- Condo Townhouse: 1,103 → 2,403 (+118%)
- Condo Apartment: 5,416 → 10,501 (+94%)
With inventory piling up, we’re seeing downward pressure on prices. With summer upon us, the market is expected to slow even further as buyers hold off and enjoy the summer.
This Fall market will be the real test. Buyers are waiting for more clarity on interest rates, job security, and the overall direction of the economy. A new trade deal with the U.S. could also help restore confidence. Until then, many remain hesitant.
How Far We’ve Come Since the Peak in February 2022
The broader GTA:
| Feb 2022 (Market Peak): • Average Price: $1,334,544 • Sales Volume: 9,097 homes • MOI: 0.77 months • Average Days on Market: 11 |
June 2025: • Average Price: $1,101,691 (down 17.5%) • Sales Volume: 6,243 homes (down 31.3%) • MOI: Over 5 months • Average Days on Market: 42 |
These numbers are eye opening and a reminder that real estate isn’t for speculators. In just three years, we’ve gone from an ultra seller’s market to a buyer’s market. Sales are at 20 year lows.
We went from nearly every home receiving multiple offers to properties now sitting on the market for over six weeks.
The average buyer at the peak has seen their home go down by ~17.5% in 2 years. Real estate isn’t a get-rich-quick investment. As the saying goes, “Don’t wait to buy real estate, buy real estate and wait”.
The Mississauga Condo Market:
| Feb 2022 (Market Peak): • Average Price: $736,006 • Sales Volume: 314 homes • MOI: 1.64 months • Average Days on Market: 9 |
June 2025: • Average Price: $576,909 (down 21.6%) • Sales Volume: 125 homes (down 60.2%) • MOI: 8.13 months • Average Days on Market: 43 |
The condo apartment segment, traditionally driven by investors, has seen a dramatic increase in inventory and a sharp decline in sales volume. Investor confidence has clearly weakened, and many are choosing to exit the market altogether. This is an opportunity for first time buyers and downsizers to take advantage of.
Rising Activity in Condo Townhouses
While the condo apartment segment continues to soften, condo townhouses are showing early signs of recovering:
- Average Price (June 2025): $766,204 (up 3.3% MoM)
- MOI: Down from 6.5 to 4.4
A condo apartment at the market peak was $736K. Today, a condo townhouse runs for $766K. The gap is only about $30,000. Thanks to lower rates and more inventory, many buyers can now afford to make the jump.
This could be a smart time to upsize!
At current rates, every $100K in mortgage adds about $550 to your monthly payments. If you’re upgrading from a condo townhouse to a freehold semi (about a $160K price jump), the monthly cost difference might be minimal, depending on your current condo fees.
If you want to know what the numbers would look like for you, I’m happy to walk you through it. No obligation.
Bottom Line
Buyers now have more time, more choice, and more leverage than they’ve had in years. For both upsizers and first-time buyers, the cost of entry may now be lower than you expected.
But not every deal is a good one and not every property is priced to move. Whether you’re buying, selling, or just evaluating your options, it helps to have an experienced guide who knows the numbers.
Let’s talk about what’s happening in your specific segment or neighbourhood.
📱Phone: 647-504-0690
📧 Email: steven@mistersauga.ca
*Your Trusted Partner in the GTA Real Estate Journey*