Real Estate Information 

Facts about Real Estate in Toronto & GTA

As both Canada's & Ontario's most populous & busiest city, Toronto's real estate market has seen tremendous housing appreciation in recent years, with MLS Listings selling quickly. Buying a house or condo has been increasingly difficult for home buyers, due to high demand & competition and reduced affordability. Multiple offers & lost real estate bidding wars have meant that many apartment renters wanting to purchase a property in major residential housing markets such as North York have had to give up. New mortgage rules that came into effect recently have also made owning homes & condos in Scarborough & other suburbs such as Markham, Vaughan or Ajax a dream out of reach for many. In recent years, interest rate increases and mortgage restrictions have increased difficulty for buyers. Although home & condo prices have come down a little, they remain elevated in historic terms. The recent changes to mortgage rules, by making it easier for people to borrow, may further contribute to higher prices. Governments still wrestle with the number one issue - which is a shortage of supply.

Houses & Condos for Sale: Different Housing Types

GTA districts have numerous types of homes for sale available on the MLS listings service. Options include detached houses, semi-detached or townhouses. Less clear is what style: There are, for instance back split style homes for sale in Markham suburbs that offer a lot of housing value for money. Another popular choice are bungalows, which have shown real house price appreciation due to demographic changes, more common 2-storey house styles, or new homes in suburbs. With regard to condominiums, older condo residences normally have higher maintenance fees but offer more space, but smaller newer condo developments provide higher sale prices per sq ft. 

Recently Sold 

1682 Sq Ft 2 Bedroom, 2 Bath at Skygarden One -  1401-2350 Bridletowne Circle. Touch Photo for info. 

1000 Sq Ft 2 Bed, 2 Bath Plus Den Suite at 2411-16 Yonge Street- Pinnacle Centre. Touch Photo for info. 

1400 Sq Ft 1 Bedroom, 2 Bath Unit at Skygarden One -  2302-2350 Bridletowne Circle. Touch Photo for info. 

1700 Sq Ft 2 Bedroom, 2 Full Bath Unit at 1706-2350 Bridletowne Circle- Skygarden. Touch Photo for info. 

Incredible Three Bed, Four Washroom Great Gulf Built Semi On A Pool Size Pie Lot In North Ajax. Touch Photo for info. 

Spacious 2 Bedroom, 2 Bath Unit at Prestigious 904-2330 Bridletowne Circle. Touch Photo for info. 

Amazing Two Bed, Two Washroom Suite at Luxurious Skygarden - 1502-2350 Bridletowne Circle Condo. Touch Photo for info. 

Spacious One Plus Den at Highway 7 & 404 in Richmond Hill. 9017 Leslie Street. Touch Photo for info. 

Stylish Two Bedroom & Solarium Corner Suite at Bamburgh Circle - Steeles & Warden. Touch Photo for info. 

One Bedroom Condo Residence at Kennedy & 401. Touch Photo for info. 

Search Homes & Condos for Sale  

Start browsing homes for sale or condos for sale using a Searchable Toronto Map listing properties for sale in GTA. Access it by clicking on the icons below to search real estate or alternatively, search from the menu at the top to find properties. There is info on this site covering other districts and neighbourhoods as well, including North York, Scarborough, Markham, Vaughan etc.. If you see something interesting, please contact me so we may view it. Please note that housing conditions are robust & many may already be conditionally sold, so please get in touch so I can verify availability.

Finding A Real Estate Agent

A vital part of any home buying search is locating one of Torontos realtors to assist you. A successful realtor can help you navigate the myriad residential properties currently being promoted. They should be experienced so they can quickly locate what you want. Agents are paid on commission, & in most cases sellers bear the cost of their services, so a house buyer can concentrate on finding their preferred property. Your residential property agent should know about neighbourhoods, style of homes, relative prices of real estate in Toronto, & amenities.

How do Toronto Neighbourhoods Rank  

Toronto is known for its different neighbourhoods. New neighbourhood names have resulted from recent redistricting. A good realtor will be familiar with areas to assist an anxious home buyer wanting to know how areas are ranking & which pockets are safe. Willowdale & Bayview Village are excellent & established locales sporting many condos. Scarborough is always popular with new comers & has many affordable bungalows & new developments near the Town Centre & older spacious units near Bridletowne Circle. Markham has developed fast & has newer houses near Cornell & Unionville , as has Vaughan near Thornhill Woods. There is a Toronto neighbourhood map & links to various neighbourhoods by name here. Select from the menu on the left & let this site be your neighbourhood guide.

Toronto Housing & Condo Market Update - 2025 July  

Courtesy of Toronto Regional Real Estate Board:

August 10 - Toronto Regional Real Estate Board realtors reported 6,100 sales through the MLS system last month, the best July sales in the GTA since July 2021 and up by 10.9% compared to the previous year. Sales were also up in comparison to the prior month. The market appears to be tightening also, with sales up over new listings. Average home prices at $1.052m, were down by 5.5% vs. 2024. 

While this month’s data is positive, it occurs against a backdrop of increased uncertainty around the tariff back and forth with the US. The imposition of 35% tariffs on certain goods not exempt under CUSMA, while problematic, has to be considered within the context that 80+% of goods are exempt under the existing trade agreement. Nevertheless, given the extent of Canada’s (and Ontario’s) trade with the US as a % of total trade, it is understandable why buyers may be holding back at this time.

Interest rates also give grounds for caution. The Bank of Canada has held the overnight interest rate steady at 2.75% for a few meetings now, citing trade uncertainty and inflationary pressures. Governer Tiff Macklem has stated however that the Bank may reduce rates if it sees evidence of reducing inflation and a containment of upward price pressure as a result of trade disruptions. There is a reasonable expectation that the overnight policy rate will be cut at the September meeting and may end the year at 2.25%. This rate influences the prime rate and variable mortgage rates.

With the uncertainty around US trade, the consensus view seems to be that Canada should focus on the home front. Factory built or prefabricated housing can results in homes being built faster and cheaper. The federal government has committed to enabling this form of construction. Timber construction can also be used for mid-rises, and this housing typology is now allowed on avenues and major streets in the City of Toronto. Development charges, taxes and fees are a serious impediment to new housing construction, and all levels of government are committed to reducing or deferring these levies, which should make new housing more affordable. All of these are positive developments which should enable the right type of housing supply to be built faster. 

Ram's take: "The market has shown signs of improvement over the past few months. For this to be sustained, consumer confidence and the economy in general must continue to  improve, the trade dispute must be resolved, and interest rates must come down. It’s possible that all or some of this can happen in the next few months, but the path is uncertain. For home and particularly condo buyers who have access to adequate downpayments and who are able to obtain mortgage financing, there is an increasing amount of housing inventory to choose from. This presents an opportunity that hasn’t been seen for some time. A well supplied and balanced market can serve to alleviate home buyer affordability challenges.”

Read more about the Toronto Real Estate Market here.