{"id":1311,"date":"2025-02-14T22:18:23","date_gmt":"2025-02-14T22:18:23","guid":{"rendered":"https:\/\/valery.ca\/blog\/?p=1311"},"modified":"2025-02-21T17:40:00","modified_gmt":"2025-02-21T17:40:00","slug":"monthly-market-report-january-2025","status":"publish","type":"post","link":"https:\/\/valery.ca\/blog\/monthly-market-report-january-2025\/","title":{"rendered":"Monthly Market Report January 2025"},"content":{"rendered":"\n

Toronto\u2019s Housing Market is Shifting \u2013 Is It Finally a Buyer\u2019s Market?<\/strong><\/h2>\n\n\n\n

Toronto\u2019s 2025 housing market started off with a mix of surprises and uncertainty. If you\u2019ve been thinking about buying a home in the Greater Toronto Area (GTA), 2025 might finally be your year. There are way more homes hitting the market, prices are feeling the pressure, and buyers suddenly have more power than they\u2019ve had in a while. This article breaks down the three key trends buyers need to know for the upcoming spring housing market:<\/p>\n\n\n\n

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  1. More homes are finally being listed for sale.\u00a0<\/li>\n\n\n\n
  2. Condos are having a tough time selling.\u00a0<\/li>\n\n\n\n
  3. Different areas are seeing different trends.\u00a0<\/li>\n<\/ol>\n\n\n\n

    More Homes, Fewer Buyers<\/h2>\n\n\n\n

    For a long time, sellers held all the cards. But now they\u2019re finally ready to sell. <\/p>\n\n\n\n

    January 2025 saw a huge spike in new listings\u201448.6% more than last year, jumping from about 8,300 homes for sale in January 2024 to over 12,300 this year. Total inventory also skyrocketed by 70%, which means buyers have a lot of options to choose from.<\/p>\n\n\n\n

    Here\u2019s the catch \u2013 while more homes are flooding the market, sales actually dropped by nearly 8%. That tells us that sellers are eager to list, but buyers are in no rush to commit. Many are waiting for interest rate cuts before making a move, which means homes are sitting on the market longer. If this trend continues into the spring, we could be looking at a full-on buyer\u2019s market.<\/p>\n\n\n\n

    Why Are So Many Homes Hitting the Market?<\/h2>\n\n\n\n

    While most sellers are listing their properties voluntarily, there\u2019s a growing number of homeowners who are being forced to sell because of financial strain \u2013 they\u2019re feeling the pinch of higher mortgage rates and are struggling to make ends meet. This indicated by the rise in power of sale listings in the chart below, observed by realtors Robert Marsiglio and Peter Kiriouzoupoulos.<\/p>\n\n\n\n

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    \"A<\/figure>\n<\/figure>\n\n\n\n

    Condos Are Taking the Hardest Hit<\/h2>\n\n\n\n

    If any part of the market is feeling the pressure, it\u2019s condos. Here\u2019s why:<\/p>\n\n\n\n