The Toronto housing market brought a wave of new opportunities for buyers this March. Listings were up significantly, with a 28.6% increase in new listings year-over-year, totaling 17,263. However, home sales were down 23.1%, with 5,011 homes sold through TRREB’s MLS® System, compared to March 2024. The average selling price in March stood at $1,093,254, marking a 2.5% decline year-over-year. With both borrowing costs and home prices decreasing, homeownership has become more affordable than it was a year ago. As interest rates are expected to be cut further in the coming months, buyers will benefit from lower borrowing costs and greater choice, strengthening their negotiating power in today’s market. That said, economic uncertainty—including concerns around trade and the upcoming federal election—is causing many households to adopt a "wait-and-see" approach. Homebuyers want to feel confident in their job security and the broader economy before making long-term mortgage commitments. If trade issues are resolved or public policies help cushion the impact of tariffs, we may see an uptick in home sales. For those in a more stable financial position—especially those who have saved or profited from the equities market—this is an opportune time to diversify by investing in real estate. There are currently great buying opportunities in the condo, freehold, and commercial markets, with increased flexibility from sellers and power-of-sale properties entering the market. As interest rates decline and economic confidence improves, buyer activity is expected to rebound, and we could see both sales volumes and average prices rise by year-end. If you have questions about the real estate market or would like to discuss your investment goals, feel free to reach out via phone or email at any time. Have a great month! | 
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