Real Estate Market Report | Toronto | February 2025
Oversupply and Declining Demand
With the looming threat of US tariffs on the horizon, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōdesellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
So what's happening in the Toronto real estate market as of February 2025?
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Overall Toronto Market
Over the past five Januarys, Toronto’s real estate market has seen a significant shift. New listings have increased by 33%, while sales have declined by 22%, resulting in a 66% rise in inventory and an 81% surge in months of supply. The benchmark price remains high at $1,044,300, with an HPI of 316, but the growing supply and declining demand suggest price pressures could emerge. Buyers now have more negotiating power, particularly in the condo and detached segments, which are seeing the sharpest declines in demand.
Toronto's Detached Homes
Toronto’s detached homes have experienced a 29% increase in new listings over the past five Januarys, while sales have dropped by 13%. Inventory has surged 67%, and months of supply has risen 79%, indicating a strong shift in buyer leverage. The benchmark price remains high at $1,622,900, with an HPI of 346, but these conditions suggest price corrections may be ahead.
Toronto's Condominiums
Toronto’s condo segment is facing the steepest decline in demand, with sales down 30% over the past five Januarys despite a 36% increase in new listings. Inventory has risen 66%, and months of supply has jumped 90%, making this the most oversupplied segment. Prices remain at $664,500, with an HPI of 345, but rising supply may put pressure on sellers to lower prices.
Toronto's Semi-detached homes
The semi-detached segment has been the most resilient, with sales increasing by 5% over the past five Januarys, while new listings have risen by 15%. Inventory has grown by 59%, and months of supply has increased by 40%. The benchmark price stands at $1,263,700, with an HPI of 368, suggesting that demand remains stable. Semi-detached homes offer a middle-ground option for buyers, keeping this segment more competitive.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
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Toronto Real Estate Market February 2025: Supply, Demand & Prices
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