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Toronto will consult stakeholders on Official Plan amendments to regulate iceberg homes’ impact on communities. Iceberg homes feature larger below-grade footprints with multi-storey basements, currently regulated like standard detached houses.

Aggregate GTA home price ↓ 3% YoY to $1,155,300 in Q2 2025. Condos ↓ 5.6% to $699,700; single-family homes ↓ 1.2% to $1,448,700. Many buyers waited due to economic uncertainty, elections, tariffs, and job loss concerns. 28% of Canadian renters considered buying before renewing leases; increased showings for lower-priced GTA homes. Royal LePage expects GTA…

June 2025 saw Toronto home prices fall below $1M for first time since 2020. Benchmark price dropped 1.8% in June alone, totaling a $58.4k annual decline.

Renovated homes in the Greater Toronto Area generally sell for more than non-renovated homes. Toronto city shows the largest price premium for renovations, about seven percent higher than non-renovated homes.

Home prices expected to rise 4–5% by end of 2025. Strong immigration will support continued buyer demand.

GTA mortgage originations fell to $3.3B in Q2, down from $4.4B in Q1. Uninsured loan-to-value ratios in Toronto dropped to 60%, down from 62% last quarter.

In Q1 2025, only 47 land sales closed for $398M — lowest in five years. New condo construction starts drop 80% in Q1.

Over 75% of GTA neighbourhoods are underbid, yet a few key areas are still surging. Top overbid neighbourhoods, Little Italy, Davenport, St. Clair West, The Danforth, and The Junction, combine charm with access.