Toronto Housing Market Shift: Are Buyers Finally Getting a Break?

🏡 Toronto Housing Market Shift: Are Buyers Finally Getting a Break?

The Toronto housing market shift is becoming clearer this fall. Prices are easing, activity is picking up, and many buyers are finally returning to the Greater Toronto Area market after years of high costs and tight supply.

📉 How the Toronto Housing Market Shift Is Cooling Prices

Recent reports show that the average home price in Toronto has dropped about 5.5% from last year.
The MLS Home Price Index also declined for the tenth time in eleven months, landing near $971,500.

That’s more than $320,000 below the early-2022 peak. For many, this marks a long-awaited step toward better affordability.

📈 Sales Are Rising as Confidence Grows

Even with lower prices, demand is showing life.
The Toronto Regional Real Estate Board (TRREB) recorded 6,100 home sales in July, up nearly 11% from last year—the busiest July since 2021.

In the past four months, resales have climbed 22%, showing that more buyers are re-entering as the market becomes more balanced.

🏗️ Not All Sectors Are Moving the Same Way

While resale activity improves, new home construction continues to slow. Altus Group reports a 50% drop in new-build sales across the GTA this year, warning that this could impact jobs in the sector.

Meanwhile, the luxury market tells a different story. Sotheby’s International Realty noted a 200% increase in homes sold over $10 million, proving that high-end demand remains strong despite wider cooling.

💰 What This Market Shift Means for You

For buyers, more listings and lower prices mean greater choice and negotiating power.
For sellers, setting a realistic price and presenting your property well are key to attracting serious offers.

This market shift may be the opening many have waited for.

🏠 Ready to Act on the Toronto Housing Market Shift?

With rates expected to ease and inventory still high, now could be the right moment to explore your options.
Whether you’re planning to buy, sell, or invest, understanding today’s changes can help you move confidently.

👉 Contact me today for a free consultation and learn how the Toronto housing market shift could work in your favour.