The Greater Toronto Area (GTA) housing market is currently experiencing a notable shift. As of June 2025, home sales have dipped by 2.4% year-over-year, with a total of 6,243 transactions. In contrast, new listings surged by 7.7%. This increase in inventory, coupled with a 4.2% decline in average home prices, has set the stage for a classic buyer's market…

The Bank of Canada has recently held its benchmark interest rate steady at 2.75%, marking the end of seven consecutive cuts. This decision comes as Ontario’s economy faces a “considerable” slowdown, with Governor Tiff Macklem pointing to uncertainties surrounding U.S. trade policy and tariffs.

Here’s how these developments are reshaping the real estate landscape in Canada: