August 2025 Market Report
August 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
Hard to believe it’s already August! The CNE is around the corner, sunset patios are hitting golden hour perfection, and those last few summer Fridays are calling our name!
Real estate-wise, things may feel a little quieter this month – but make no mistake, the Toronto market never truly sleeps. With interest rates holding steady and more inventory to choose from, smart buyers are poking around, and savvy sellers are prepping for an optimistic fall market.
Whether you’re planning a September sale, or just curious how things are shaping up in your neighbourhood, we’re always here to help.
Here’s your August 2025 Market Update, packed with fresh stats, expert insights, and everything you need to stay in the know.
What We Are Seeing From the Field
The Toronto real estate market just posted its strongest July sales performance since 2021, with home sales up 11% year-over-year. Buyer activity outpaced supply, leading to a tightening in market conditions compared to July of last year.
What’s driving the action?
Improved affordability is starting to bring more buyers off the sidelines. With home prices and borrowing costs down from last year, more households are finally seeing homeownership as an achievable goal again. It’s still a work in progress – especially on the interest rate side, but the momentum feels real.
The Outlook?
If we continue to see rate relief and stable pricing, buyer confidence could continue to build. At the moment, we are seeing some fantastic opportunities for buyers in the current market – homes that don’t check every box equals a chance to potentially acquire a home for a great deal.
For sellers, it’s more important than ever to ensure your listing shows at a 10/10 (we can help with this ?) – we are still seeing multiple offers for some well promoted and priced homes.
As always, we’re keeping a close eye on the numbers so you don’t have to. Whether you’re buying, selling, or just staying in the loop, we’re here to help you navigate it all.
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.
List Later, Shoot Now: Why Summer Photos Are A Fall & Winter Listing Game-Changer
Planning to sell this fall or winter? Here’s a pro tip: take your listing photos now while the sun is shining and the landscaping is lush.
Homes almost always show better when the grass is green, flowers are blooming, and the light is golden. If you wait until November, your beautiful home could be hidden under bare trees, cloudy skies, or a foot of snow.
That’s why we’re offering a limited-time summer photo promo* for anyone thinking ahead.
We’ll arrange to capture gorgeous professional exterior shots now – so when you’re ready to list later, your property stands above the crowd!
Click below to book your complimentary summer shoot and beat the seasonal blues before they even arrive.
Your future listing (and your future self) will thank you!
*Limited time offer. Terms and conditions apply
Thank You For Joining Us At Our “Summer Scoops With The TO Group” Appreciation Event!
A huge THANK YOU to everyone who stopped by Greenwood Park last Saturday for our “Summer Scoops with the TO Group” appreciation event!
It was such a blast seeing so many familiar faces (and meeting some new ones) over cool treats, sunshine, and a few competitive rounds of cornhole!
We’re grateful to be part of such a warm, fun-loving community – and we can’t wait to do it again next year.
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
July 2025 Market Report
July 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
If you know the TO Group, you know we live for summer in the city, especially when the patios are packed, the skyline’s glowing, and the Blue Jays are leading the division and knocking it out of the park! ??
July in Toronto hits differently. The days are long, cottage chat is in full swing, and the real estate market hums along with a steady buzz. While the spring market tends to steal the spotlight, July is when savvy buyers and sellers make strategic moves – without all the frenzy.
Whether you’re soaking up the sun and casually house-hunting, thinking about making a move before fall, or just curious about what’s happening out there, we’ve got your back.
Here’s your July 2025 Market Update, packed with fresh stats, expert insights, and everything you need to stay in the know.
What We Are Seeing From the Field
June Market Snapshot: More Listings, Better Deals, and Signs of Recovery
The GTA real estate market is continuing its gradual comeback. In June, we saw more listings hit the market, giving buyers more options and more negotiating power. With borrowing costs still lower than last year, many buyers are cautiously stepping back in, looking for value and striking deals when the price is right.
Home sales were up slightly compared to last June and activity also ticked up month-over-month, showing some quiet momentum building beneath the surface. The average sale price came in at just over $1.1M – about 3.5% lower than last year, which reflects what we’re seeing on the ground: smart pricing and great presentation are key to standing out in a competitive market.
Bottom line? If you’re thinking about buying or selling, there’s opportunity out there, but strategy matters more than ever. In a fickle market, it’s never been more important to work with a full-time, savvy, experienced team to help you with your real estate moves (that’s us)
Check out the June 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.
Should You Keep the Cameras Rolling During a Sale?
With video doorbells and home security cameras becoming more common, many sellers leave them running while their home is on the market. But is that a good idea?
For Sellers:
Pro: Cameras can offer peace of mind by monitoring traffic in and out of the home during showings.
Con: It could also make buyers feel uncomfortable and less inclined to speak freely during their visit. Depending on the buyer, it could distract them from noticing all of the amazing details of a home, leaving yours overlooked.
For Buyers:
Heads up: You may be on camera during a showing. Best to save price opinions, dislikes, or renovation plans for after you’re out the door, just in case anyone’s listening.
Pro: If you’re worried about security, seeing a property with a solid camera setup might be a bonus.
The Bottom Line?
Cameras can be useful, but privacy and comfort can be key when selling your home. If you’re unsure, talk to us about the best strategy for your space.
The Best Things to Do in the Toronto Beach(es) This Summer
Mark your calendars!
Because nothing says summer in the city like sandy toes and soft-serve!
Ahh, the Toronto Beaches. Where city living meets laid-back lake life, and where locals trade concrete for boardwalks, flip-flops, and sunshine. If you’re lucky enough to call the East End home (or you’re just visiting for the day), here are some of the best ways to soak up summer in The Beaches:
1. Hit the Beach (Obviously!)
Whether you’re tossing a frisbee at Woodbine, building sandcastles at Kew, or just lounging like a pro at Balmy Beach, there’s a stretch of sand for every mood. The water’s clean, the vibe’s relaxed, and the sunrises? Worth waking up for. ?
2. Stroll the Boardwalk
The iconic 3-kilometre wooden boardwalk is perfect for a morning coffee walk, people-watching, or grabbing an ice-cream. Bonus points if you bring your dog, they’ll love it too.
3. Explore Kew Gardens & Ashbridges Bay
Pack a picnic and hit the shade at Kew Gardens, or head down to Ashbridges Bay for volleyball (you may even see us there playing), fireworks, and one of the best lakefront parks in the city.
4. Catch Live Music or a Festival
There’s always something going on – Check out the beloved Beaches International Jazz Festival in July. (Yes, it’s worth braving the crowds!)
5. Paddle, Bike, or Blade
Rent a kayak, hop on your bike, or dust off your rollerblades and cruise the Martin Goodman Trail.
Pro Tip: Thinking of making the Beaches your forever summer spot? Let’s chat, because homes by the lake don’t last long, and we know the neighbourhood like the back of our sandy hand. Fun Fact: We also grew up there, so we have all of the inside info!
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
February 2025 Market Report
February 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
February may be short, but it’s full of possibilities—especially in real estate!
Whether you’re eyeing your dream home, thinking of selling, or just curious about the market, we’ve got the latest trends and tips to keep you ahead.
Grab a warm drink and let’s dive into another Real Estate update for February 2025.
What We Are Seeing From the Field
Is that excitement in the air?
Every January, we feel a fresh wave of energy as buyers and sellers gear up for the year ahead—and 2025 is no exception!
We’ve already seen a surge in demand for freehold homes (detached, semis, and row houses), especially those that are renovated and checking all the right boxes. Many of these homes are selling quickly and in multiple offers, thanks to low inventory and eager buyers.
If you’ve been considering a move this year, let’s set up a chat to formulate a plan to help you capitalize in 2025.
Check out the January 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.
Looking For Things To Do In Toronto This Month?
Here’s just a few activities to enjoy with your loved ones
- Family Day Activities
- Date: February 17
- Location: Various locations
- Details: Celebrate Family Day with a range of activities, including free ice skating at Nathan Phillips Square, special exhibits at the Royal Ontario Museum, and family-friendly workshops at the Art Gallery of Ontario.
https://www.toronto.ca/explore-enjoy/festivals-events/family-day/
- Toronto Black Film Festival
- Dates: February 12–17
- Location: Various venues
- Details: Celebrate Black History Month by attending screenings of films from around the world, panel discussions, and special events highlighting Black culture and talent.
- Winterlicious
- Dates: January 31 – February 13
- Location: Various restaurants across Toronto
- Details: Savor three-course prix fixe menus at over 230 participating restaurants, offering a range of cuisines to delight every palate.
- https://www.toronto.ca/explore-enjoy/festivals-events/winterlicious/
- Canadian International AutoShow
- Dates: February 14–23
- Location: Metro Toronto Convention Centre
- Details: Experience Canada’s largest automotive showcase featuring the latest vehicles, concept cars, and interactive exhibits.
https://www.mtccc.com/single-event/auto-show-2025-total-immersion/
- Winterfolk Blues and Roots Festival
- Dates: February 14–16
- Location: Multiple venues along the Danforth
- Details: Enjoy a weekend of live blues, roots, and folk music performances by local and international artists in cozy indoor settings.
Vacant Home Tax – Don’t Forget To Declare!
Toronto homeowners, it’s that time of year again! The Vacant Home Tax (VHT) declaration deadline is fast approaching, and even if you live in your home, you still need to file (don’t forget any rental properties)!
Failing to make the declaration by April 30th could result in penalties or even having your home mistakenly classified as vacant, leading to an unexpected tax bill. Yikes!
The tax is now 3% of your current assessed tax value, so if your home was assessed at $800,000 you could be on the hook for $24,000 in tax!
*Keep in mind that MPAC generally uses an assessed value much lower than what your home is actually worth – this info should be on your final tax bill.
Not sure how to complete your declaration? No worries—we’ve got your back! Whether you need a quick rundown on the process or have questions about how the tax might affect you when selling, we’re here to help. Reach out anytime, and let’s make sure you avoid any unnecessary surprises.
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
January 2025 Market Report
January 2025 Newsletter
Thurston Olsen Real Estate Group
Do you remember when you were younger, you may have calculated how old you would be when we hit the year 2000? Well, that somehow happened a quarter century ago!
The great thing about a new year is the endless possibilities that it presents to us. A fresh start to think on what we want to accomplish and an opportunity to “reset”
Now, let’s take a few minutes to give you another Real Estate update for January 2025.
What Are Your 2025 Real Estate Resolutions?
Let the TO Group help you check them off your list!
The start of a new year is a great time to reflect on the year prior as well as an opportunity to think ahead and plan for your future.
Some of us love goal setting and others can find it intimidating. Don’t sweat it! If your 2025 goals are real estate related, let us help you complete them!
Maybe your family is growing and it’s time for an upgrade?
We can help make that transition to your next home as smooth as possible for you and your family.
Maybe the kids have left the nest and you are ready to “right-size”?
We are here to help you decide what type of property best fits the next stage of your life and to make transitioning a breeze.
Maybe you are tired of paying rent to your landlord so that they can pay off their mortgage with your hard earned dollars?
Let’s help you buy that first home so that you can start building your own equity for YOUR future.
Maybe you’d like to build equity and earn passive income through real estate investing?
We have a ton of experience with income properties and can help you understand the benefits and responsibilities involved in owning one.
Just reach out for a casual, no obligation chat at any time. Even if your goals are for 2028 and beyond, we are always happy to start the conversation so that you can be set up for success when the time comes.
Utilize Us!
A friendly reminder that we are here to support you in all aspects of being a homeowner, not just to help you buy or sell homes.
We are consistently fine-tuning our rolodex of house related professionals so that we can provide you with trusted names for when you need them the most.
We have painters, landscapers, handy people, furnace and A/C specialists, roofers, contractors, plumbers, electricians, mortgage brokers, lawyers, just to name a few…
So if ever you are in need of a local professional, you can start with us! There is a good chance that we have just the right person to help you out
Call or email us anytime
2024 Is In The Rearview Mirror, So Now What?
The Toronto housing market experienced another shift in 2024. The number of sales were down and new listings were up, while we saw an increased condo inventory that we haven’t seen in recent history. Prices overall, were down by a modest 2.7% for the average home in the city of Toronto. The market for freehold homes held fairly steady as the demand for those (especially renovated ones) remained strong.
High borrowing costs weighed heavily on affordability throughout 2024, however the Bank of Canada’s rate cuts in the second half of the year offered some much needed relief.
Looking ahead, further rate reductions and stabilized home prices could signal improved conditions in 2025.
We are cautiously optimistic on what 2025 holds for our market given the instability of our Government and with a new President of the US coming into power.
With that being said, we are expecting the number of sales to rebound back to the levels we are used to, as well as a modest increase in the average price of a home in our amazing city. The condo inventory should start to shrink now that interest rates have improved affordability for first time buyers while our city continues to grow in population.
Check out the December 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.
Help Us Reach Our 2025 Real Estate Goals!
Like many of you, The TO Group also has real estate goals for 2025.
This year, we are determined to help as many of you, your family members, your friends, or your neighbours with their real estate needs. The more the merrier!
We would be forever grateful for the opportunity to help anyone you can think of that could use our expertise.
So feel free to introduce us! We promise we’ll make you look good.
We are so excited for 2025 and can’t wait to be of service to you and your people. Thank you for an amazing 2024!
Cheers! Chris and Ford
