June 2025 Market Report
June 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
Summer weather is finally here, and Toronto is putting on a show – outdoor concerts, beach days, school fun fairs, and the sweet smell of sunscreen in the air.
Whether you’re catching rays on your favourite patio, dodging water balloons in the backyard, or planning your next move (literally), June is the month where we forget about the cold and dark winters and remind ourselves why we live in this amazing city.
So grab a cold drink, find some shade, and dive into your June 2025 Market Update – we’ve got all the latest insights, numbers, and strategies to help you stay cool and in-the-know.
Let’s get into it!
What We Are Seeing From the Field
In May, Toronto home sales were down 14.3% year-over-year, with 2,315 properties sold through TRREB’s MLS® system. Some buyers remain on the sidelines, waiting for more interest rate relief and economic certainty.
New listings were up 7.2%, giving buyers more options and in some cases, added leverage.
The average selling price across all property types in Toronto was $1,155,616 in May – down 3.2% from May 2024.
What does this mean for you?
Buyers are seeing a rare mix of choice and softer prices – a potential window of opportunity.
For sellers, standing out in a more competitive market means getting the pricing, presentation, and marketing just right – and having the right real estate team in your corner makes all the difference (that’s us!). We are still seeing turnkey homes in prime locations selling quickly and often receiving multiple offers.
Check out the May year-over-year stats below for more information on the current market. If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
60 Maybourne Ave! $849,000
We have a fantastic listing on the market that is a great opportunity for buyers who are looking for amazing value!
Tucked away on a quiet, family-friendly street, 60 Maybourne Ave is the kind of home that checks the boxes. With charming curb appeal, a bright open layout, and a dreamy backyard – this detached beauty is move-in ready and waiting for its next happy chapter.
Key Features:
Fantastic East-End Location – Peaceful street in a welcoming neighbourhood close to schools, Warden Woods and Taylor Creek Park, and easy access to transit and shopping.
Fresh Curb Appeal – Recently painted exterior, cozy covered front patio, and a private drive with 2 car parking.
Bright & Open Main Floor – Hardwood floors, plenty of windows, and a spacious open-concept living and dining area filled with natural light.
Spacious Kitchen & Family Room – Ample storage, a centre island for casual dining, and an impressive family room, complete with a woodburning fireplace.
3+1 Bedrooms – Three good-sized bedrooms upstairs, including a roomy primary, plus a bonus lower-level bedroom for guests or a home office.
2 Bathrooms – A 4-piece upstairs and a convenient 3-piece on the lower level.
Big Backyard Dreams – Fully fenced with a large deck, lush lawn, garden space, and a shed — perfect for summer BBQs and space for the kids or pets to roam.
Know someone who’s on the hunt for their dream home? Feel free to forward this email or share the listing with your friends and family. You never know who might fall in love with this gem!
We’re Proud to Sponsor the Leslieville Junior PS Fun Fair!
Mark your calendars!
The Leslieville Junior PS Fun Fair is back on Saturday, June 14th from 11am to 3pm.
This isn’t your average school fair, get ready for non-stop fun:
Bouncy castles
Double obstacle courses and slides
Inflatable sports games
A FREE art table and kids game zone
Face painting
Live music
Robotics games
Bake sale, food vendors, silent auction—and so much more!
It’s a day for the whole family!
We’re proud to support the school and all the incredible people who make this neighbourhood feel like home. So swing by and make some amazing memories!
For more info and tickets, please check out the event page HERE
We’re Here To Help!
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone who could use our help, feel free to make an introduction! We promise we’ll make you look good.
Cheers!
Chris and Ford
May 2025 Market Report
May 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
If you know the TO Group, you know we live for this time of year – not just because patios are buzzing and the Blue Jays are swinging for the fences – but because the Toronto Maple Leafs are in the playoffs and the spring real estate market is in full stride!
There’s just something electric about May in Toronto. The city comes alive – flags on porches, jerseys on backs, and Sold signs popping up on front lawns like spring tulips. Buyers are out, listings are blooming, and for many families, it’s game time.
Whether you’re looking to score your next dream home, weighing a move, or just keeping an eye on the market (while nervously watching OT), we’ve got you covered.
Here’s your May 2025 Market Update – complete with all the latest stats, insights, and opportunities to help you stay ahead of the play.
Let’s drop the puck and get into it!
What We Are Seeing From the Field
April brought a typical seasonal increase in real estate activity compared to March, but total home sales across Toronto were still down compared to this time last year. In fact, Toronto REALTORS® reported 2,129 sales through TRREB’s MLS® system – a 17.5% drop year-over-year. Why? Many buyers are still sitting on the sidelines, waiting for lower borrowing costs and more economic certainty before jumping in.
With that said, new listings were up 6.8%, giving buyers more choice and leverage. With inventory at elevated levels, buyers had more room to negotiate, which put downward pressure on prices across some segments of the market.
Taking into account all market segments in Toronto, the average selling price in April was $1,144,977, down 0.6% compared to April 2024.
What does that mean for you? If you’re a buyer, it’s a rare moment of increased supply and softer prices – a window of opportunity in a market that usually moves fast. If you’re a seller, pricing strategy and presentation are key, especially as more inventory means more competition.
Looking ahead, we expect that many households are keeping a close eye on how the new federal government handles trade relations, particularly with the U.S.
A more optimistic economic outlook could restore consumer confidence and bring more buyers back into the market.
Check out the April year-over-year stats below for more information on the current market. If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
What to Expect for Housing & Mortgages After the Election
Well – that all happened quickly! With the Liberals re-elected under new leader Mark Carney, and another minority government in place, housing remains front and centre in Canadian policy conversations.
Here’s a quick breakdown of what the election outcome could mean for buyers, sellers, and homeowners:
Help for First-Time Buyers
One of the biggest promises? Removing GST on new homes under $1 million for first-time buyers. That’s a potential savings of up to $50,000. The policy hasn’t been passed yet, but it’s expected to be outlined in the federal budget next month.
Big Push for New Builds
Over $25 billion has been pledged to speed up housing construction – especially affordable and rental units where Canadians want to live – with support for municipalities, non-profits, and developers through low-cost financing.
Infrastructure & Zoning Support
Expect continued investment in transit, utilities, and municipal partnerships to support higher-density development, especially around transit stations — something Toronto has already been moving toward.
Rates Could Dip Further
Economists are predicting that The Bank of Canada may cut rates once or twice more this year, depending on economic conditions. That’s welcome news for variable-rate borrowers and anyone with a renewal coming up. Still, with global uncertainty, the path forward isn’t set in stone.
We’ll have more clarity once the federal budget is released – likely in June. In the meantime, it’s a great opportunity to review your plans and chat through any moves you’re thinking of making this year.
It’s Patio Season! (And we couldn’t be happier)
It’s always an exciting time of year when you can trade winter boots for sunglasses and hit some of your favourite patios! Here are some of our faves:
When we’re feeling laid-back after some tough negotiations, you’ll find us at Betty’s East soaking up the sun with a pint, or enjoying the family-friendly vibes and strong espresso game at Black Pony on Gerrard St E.
CafeTO’s patio setups make the city feel a bit like a Euro vacation (minus the airfare), while Lion on the Beach is perfect for casual hangs and people-watching on Queen St E in the Beach(es).
For tacos and tequila under the stars, it’s hard to beat the back patios at Chula or Tinga Kim in Leslieville. Bonus points to Nodo for pasta, wine, and a great vibe.
Do you have any favourites that we missed? Let us know – our research is always ongoing!
We’re Here To Help!
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone who could use our help, feel free to make an introduction! We promise we’ll make you look good.
Cheers!
Chris and Ford
September 2024 Market Report
Thurston Olsen Real Estate Group
Hey Friends!
Well, Summer happened quickly!
We hope that you took some time to enjoy the beautiful weather, time with family and friends, and maybe even a summer vacation!
The TO Group is recharged and ready to take on the Fall real estate market.
Let’s take a few minutes to give you another Real Estate update for August 2024.
BANK OF CANADA SLASHES THEIR RATES AGAIN
For those who hold variable rate debt, their shoulders are likely feeling a bit lighter as the Bank of Canada continues to drop its overnight rate. Can you hear the collective sighs?
On September 4th, the Bank of Canada dropped their overnight rate by another quarter point, their 3rd straight rate cut.
It is widely expected that they will make 2 more cuts before the end of the year and further cuts into 2025.
So, what does this mean?
The real estate industry views this as a positive sign going forward and many expect that this will inject some life into the more recent “slumping” market. We’ve already been receiving calls from buyers who had been waiting for their time to get into the market and we feel that this will be a sign of things to come!
While a 0.25% decrease in the overnight rate only results in a monthly savings of approximately $15 per $100,000 borrowed, the biggest immediate impact will be in consumer confidence. The light at the end of the tunnel is finally in view along with lighter debt commitments.
Have you been waiting for a sign? This could be it.
Reach out and let’s have a chat!
WHAT WE ARE SEEING FROM THE FIELD
With the first week of September in the books, we have already seen increased activity from buyers, more specifically in the freehold market. Some listings that had been hanging around during the summertime are starting to get scooped up.
The condo market remained slow moving with a resale inventory that approached 6000 units at the end of August. There are still some fantastic deals to be had out there. With increasing rent prices and a clearer picture of decreasing borrowing costs, now could be an excellent time to purchase a condo.
TRREB President Jennifer Pearce noted that the Bank of Canada’s recent rate cut on September 4 could boost affordability, particularly for first-time buyers using variable rate mortgages. As mortgage rates are expected to decrease, more first-time buyers may enter the market, especially in the condo sector.
Check out the August year-over-year stats below for more information on the current market. If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
LEVEL UP YOUR LIVING!
The TO Group loves working with clients looking to upsize from their current home to their dream home.
Whether you’re looking for more space for your growing family, a better school district, or a bigger yard for your favourite furry friend, we can help you achieve your real estate goals!
We’ve put together a handy Upsizing Guide that will help you prepare for your next move.
Want a copy? Just click below and we’ll send you one.
LOOKING FORWARD
We are looking forward to our next East Side Food Drive – Thanksgiving Edition on October 10, 2024 and would really appreciate your support!
The demand for food in our city is urgent. One in ten people in Toronto are now relying on food banks, twice as many as the year prior. Let’s team up to make a difference!
Click below for more info on our East Side Food Drive and to sign up to contribute.
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone that could use our help, feel free to make an introduction! We promise we’ll make you look good ;)
August 2024 Market Report
Thurston Olsen Real Estate Group
Hey Friends!
If you know the TO Group, you know that we are huge sports fans and we find so much inspiration, fun, and meaning in sport.
With the 2024 Paris Olympics being at the forefront of many news outlets, we thought we’d have a bit of fun with this month’s newsletter and make it Olympics inspired!
Let’s take a few minutes to give you a gold medal worthy Real Estate update for August 2024
Toronto Real Estate Market Report: August 2024 – The Olympics of Real Estate
As the world cheers for the athletes at the Olympics, the Toronto real estate market has been having its own games, and July 2024 had some performances worth celebrating!
Let’s dive into the highlights and see how buyers, sellers, and new listings competed in the arena.
Sales Score a Victory In the race for home sales, The City of Toronto reported 1,987 transactions in July 2024, marking a 5.4% increase from July 2023. It seems like the recent cuts in the “interest rate hurdle” by the Bank of Canada gave buyers the extra boost they needed. With two rate cuts back-to-back in June and July, the cost of borrowing has become a little less daunting. Think of it as the wind at the backs of the marathon running buyers, making the path to home ownership a bit smoother.
More Listings, More Choices – A Buyers’ Decathlon New listings soared with 6,074 homes entering the MLS® System in the city of Toronto, an 18.7% jump from last year. This influx of options has been a win for buyers, offering them a smorgasbord of choices. In this decathlon of decisions, they’ve been able to catch a breather and strategize, thanks to a better-supplied market. It’s like having tickets to all of the Olympic events, but you get dibs on the best seats!
The Pricing Bar Remains Steady On The High Jump of Affordability The average price of a home in Toronto remained fairly steady again, up about 2% year-over-year. The average selling price landed at $1,087,436, just a hair up the July 2023 figure of $1,066,184. This is what buyers have been chasing for the last number of years. It’s a delicate balance—think of it as a high jump where the bar is set just right to give everyone a fair shot.
Innovation and Infrastructure – The Torchbearers for the Future ? The Toronto Regional Real Estate Board has been waving the flag for innovative home construction, and Toronto City Council’s recent move to consult on single egress stair requirements for multi-residential buildings up to four storeys is a step in the right direction. It’s like handing the relay baton to builders, encouraging them to create family-friendly, multi-family units. And let’s not forget the much-anticipated Crosstown LRT, set to light the way for better public transit connections, making it easier for everyone to get to the finish line.
The Road Ahead – Ready, Set, Buy! As more buyers lace up their shoes for the race to home ownership, the current surplus in inventory will keep prices relatively flat. But as this inventory is gradually absorbed, expect market conditions to tighten, and prices to potentially rise again. Will it be a marathon or a sprint to increased prices? We’ll stand by watching to see who wins the race.
So, whether you’re buying, selling, or just cheering from the sidelines, the Toronto real estate market is an exciting event to watch. Stay tuned for more updates, and may the best home win! ?
Check out the July year-over-year stats below for more information on the current market. If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
Keep Your Home Atop The Podium – Exclusive Offer For Professional Summer Photography!
You never know when your next dream home will pop up. When it does, you want your current home to be in gold medal shape! But what if it’s winter, and your beautiful yard is hidden under snow and ice? Show potential buyers how lucky they can be to own such a luscious oasis with vibrant summer photos! ?
When selling in the Fall or Winter, it can be advantageous to provide potential buyers with professional exterior photos that showcase your home in its full summer glory. This will make your home stand out and highlight its year-round appeal.
Don’t Miss Out on This Golden Opportunity!
If you are considering selling your home in the upcoming Fall or Winter, take advantage of this great offer, which is part of our listing service. Reach out for more info. *Terms and conditions apply.
We’re Here To Be Of Service To You And Your People!
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone that could use our help, feel free to make an introduction! We promise we’ll make you look good ?
