Mindblown: a blog about philosophy.

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.

GTA growth demands more infrastructure, but who should truly pay for these rising costs? GTA new home buyers face the highest development charges in North America, severely impacting affordability.