The Greater Toronto Area (GTA) real estate market in March 2025 continued favoring buyers, with a 28.6% increase in new listings and a 23.1% drop in sales year-over-year. Lower borrowing costs contributed to more affordability, though economic uncertainty and trade tensions kept many buyers hesitant. The Months of Inventory (MOI) rose to 4.68 from 1.9 in March 2024, marking a shift toward a buyer’s market. Prices dipped slightly, with GTA’s average home price down 2.5% to $1,093,254, although detached and semi-detached prices in Toronto showed modest gains.
The newsletter also warns homeowners about risks of under-the-table cash deals for renovations, which may result in liability, lack of insurance, and no legal recourse. Homeowners are urged to ensure written contracts and proper insurance.
Spring is also a good time to review home insurance coverage, ensuring it reflects replacement costs and includes valuable contents. A personal property inventory is recommended.
Mortgage rate trends are influenced by global trade tensions, especially U.S. tariffs, which may suppress bond yields and reduce fixed-rate mortgages in Canada.
Lastly, the issue emphasizes regular air conditioner maintenance to extend system life and improve efficiency as summer approaches.
