2025 Ends with More Affordable Market and Paves the Way for Year of Recovery
Annual Greater Toronto Area (GTA) home sales declined in 2025 compared to 2024, as economic uncertainty weighed on consumer confidence. Over the same period, listing inventory remained elevated, allowing for selling prices to be negotiated downward, helping improve affordability.
“The GTA housing market became more affordable in 2025 as selling prices and mortgage rates trended lower. Improved affordability has set the market up for recovery. Once households are convinced that the economy and labour market are on a solid footing, sales will increase as pent-up demand is satisfied,” said TRREB's President Daniel Steinfeld.
Bank of Canada uncertain if next rate move will be cut or hike
Bank of Canada officials agreed on holding the overnight rate at 2.25% in December 2025, but are unsure whether their next policy shift will be to lower rates again or to raise them.
City council approves luxury land transfer tax hike
Saying the wealthiest can afford to pay more, Toronto mayor Olivia Chow has increased the tax level on sales of homes over $3 million.
Tax from the luxury home market is projected to add $14 million in 2026 to the city’s bottom line. The tax will start at 4.4 per cent for homes up to ....
Should You Remove Snow From Garden Beds?
Winter is in full swing, and many areas have already experienced significant snowfall. While keeping streets, driveways, and walkways safe is essential, it’s equally important to care for your landscape and gardens during this time of year.
Thank you again for your partnership. I’m really looking forward to working together in 2026 and helping you with your clients throughout the year.
Wishing you a successful, healthy, and rewarding year ahead.
Warm regards,
Slavica Vuckoska
Trusted Realtor Professional
416 567 7260
The Wolf's Team
Right at Home Realty Inc.
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