If there’s one thing that stands out in today’s real estate landscape, it’s this: Price. Is. King.
Now more than ever, getting the price right is everything. I usually avoid sweeping statements about the Toronto real estate market—it’s just too massive and diverse to generalize. Examining citywide statistics, especially when combining condos and freeholds, can significantly distort your understanding. The better approach? Zoom in.
To know what’s going on, you’ve got to drill into the neighbourhood, the product type, and even the specific block. Each pocket of the GTA has its own rhythm—and no two properties are the same.
That said, here are two things we can say with confidence:
- It’s summer (finally!)
- And yes, we’re in a buyer’s market overall—but not across the board
How Do You Know It’s a Buyer’s Market?
Simple:
- Sales-to-New-Listings Ratio (SNLR) under 40%? That’s a sign.
→ (SNLR = Sales ÷ New Listings × 100) - 6+ months of inventory on the market? Another clue. That’s what we call a low absorption rate.
We’re finally seeing more opportunities for buyers. Homeownership feels a bit more within reach. But sellers holding onto pre-2022 price dreams are slowing things down. The homes that are priced right—and deliver on buyer wish lists—are the ones making moves. It’s a bit of a market shake-up, really. Overpriced listings are helping the well-priced ones shine.
I met someone new just last week who’s entering the market, and their first words? “Price is king.”
Smart buyer. They’re absolutely right.
June 2025 Sky High Info
