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I have sold a property at 201 80 Western Battery Road in Toronto

I have sold a property at 201 80 Western Battery Road in Toronto on Aug 20, 2025. See details here

Located in the heart of Vibrant Liberty Village & designed by Award Winning interior Designer, Ceccone Simone, boasts Open Concept, well maintained floor to ceiling Windows throughout with 1 Bedroom 1 4pc Washroom with Tub, 1 Kitchen with stainless steel appliances,Ensuite laundry. Approx 90 Sq ft west facing Balcony. Building offers 3 Gyms, Indoor Pool, Whirlpool, Steam Rooms, Party Rooms, Caterers kitchen and bar, Patios for BBQ, Sports Lounge with Pool/ Billiard Table, Theatre room and Meeting Room Floor to ceiling windows throughout. Tenant to pay hydro

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July 2025 Toronto Real Estate Market Report

There were no surprises in the July residential resale data provided by the Toronto Regional Real Estate Board. A post- pandemic pattern and market correction has emerged and barring any unexpected geo-political issues that might appear, the market pattern that has developed will continue through the remainder of 2025.

The market pattern can be characterized as follows: modest sales growth but substantially lower than the 10 year average; higher than average inventory levels; longer periods on market for properties before sale; and continual moderate decreases in average sale prices. The Regional market is a little more complex than this pattern alone, with regional differentiation and differentiation by housing type.

The Bank of Canada began its benchmark rate reductions in June of last year. In July, the Bank lowered the rate by another 0.25 percent, bringing it to 4.5 percent. Rate reductions continued throughout 2024. Rather than stimulate sales, these rate reductions had the opposite effect. Buyers, anticipating continued rate reductions, held off purchasing, anticipating and hoping for more favourable mortgage financing, which never materialized. Lower mortgage rates did not materialize because mortgage rates are driven by bond yields, not the Bank of Canada’s overnight lending rate. Bond yields remained high and continue to remain high. As a result, there has been little or no movement in mortgage interest rates. Five-year fixed term rates continue to hover around 4.5 percent. Then in January of this year the Trump administration took office and the uncertainty of Trump’s tariffs has completely unsettled real estate markets.

Given these underlying factors, the 6,100 sales achieved in July is a positive market sign. However, these sales were achieved at a result of declining average sale prices. Every housing type in the Toronto Region, some more than others, saw average sale price declines in July. Overall, the average sale price declined to $1,051,719, 5.5 percent lower than last July’s average sale price of $1,113,1161. The decline in the average sale price has improved affordability in the Region, affordability relief that has not been forth coming in the form of lower mortgage cost.

The market as a whole saw properties selling at 98 percent of their asking price and in 26 days.

The decline in average sale prices has not been homogeneous throughout the Region. Prices in the City of Toronto have not eroded to the same degree as prices in the 905 Region. In July, average sale prices for all property types in the City of Toronto declined by 4.8 percent, led by condominium apartments which declined by 8.6 percent. Prices in the 905 Region declined by 7.65 percent, also led by condominium apartments which declined by 10.3 percent year-over-year. No doubt this bifurcation is also a post-pandemic correction. During the Covid-19 market buyers sought the sanctuary of more space and more reasonably priced housing than was available in the City of Toronto. That phenomenon has reserved itself.

The decline in average sale prices is primarily driven by the large number of properties on the market available to buyers. Except for some isolated, desirable market areas, the heady days of competing offers for properties has come to an end. Buyers now have the luxury of time and choice. Time to negotiate offers that are financially acceptable, and choice to choose from the 30,215 properties listed for sale in July, not a record, but substantially more available properties than have been on the market over the last decade. It should be noted that of those 30,215 properties on the market in July, 33 percent, or 10,013 were condominium apartments, the bulk of them, 65 percent, located in the City of Toronto.

Given these market dynamics, it is not surprising that homes are taking longer to sell. The average days on market has been inching up since the beginning of the year. In July it took 30 days for all properties (on average) to sell, 6 days longer than last year. This number is not entirely accurate. More than 30 percent of all available properties have been listed more than once. Having failed to sell during the initial listing they are relisted, most often at a reduced asking price. The Board’s days on market data only recognizes the last listing for properties before sale.

Looking ahead, affordability continues to be an obstacle to homeownership for most buyers. The average sale price of $1,051,719 is not a good reflection of actual values. In the City of Toronto detached properties sold for $1,572,832. Semidetached properties sold for $1,242,388, and townhouse came in at $920,197. Condominium apartments sold on average for $684,257. Although lower overall, the ratio of sale prices for detached, semi-detached, townhouses and condominium apartments in the 905 Region was similar. Given household incomes in the Region, only condominium apartments can be regarded as “affordable”. Unfortunately, given the size of most condominium apartments that have been built over the last decade, they are not liveable by families.

The second half of 2025 will be a vast improvement over the second half of 2024. Market conditions that have defined the last few months will continue – improved sales, and moderate price reductions that will stabilize by year-end, with variations on this theme based on trading areas and housing types.

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July 2025 Toronto Real Estate Market Report

The Toronto and Region residential resale market is currently bifurcated, with distinct trends emerging in both the City of Toronto and the 905 Region. Within the City of Toronto, there is further differentiation between condominium apartments and ground-level property sales. Overall, sales are slow across all property categories, not due to lack of demand, but due to a combination of affordability challenges and the fear and economic uncertainty triggered by the tariffs imposed by the U.S. administration.

In March, only 5,011 properties were reported sold, a 23 percent decrease compared to the 6,519 properties sold in March of last year. However, it is encouraging to note that March’s sales were 24 percent higher than the 4,019 residential sales reported in February.  

The decline in sales was more pronounced in the 905 Region than in the City of Toronto. On average, sales of detached, semi-detached, and townhouse properties in the 905 Region dropped by 25 percent compared to last March, while similar property types in the City of Toronto declined by just 12.6 percent. The 905 Region accounts for approximately 62 percent of all reported sales. The average sale price for the Toronto and Region resale market decreased by 2.5. percent in March, from $1,120,984 last year to $1,093,254 this year. This average sale price, however, does not reflect a homogeneous market.

As in the case of sales, average sale prices are similarly bifurcated. The average sale price for detached, semi- detached, and townhouse properties sold in March dropped by 5 percent compared to March 2024. However, similar housing types in the City of Toronto saw a 1.3 percent increase in average sale prices. Given that there were 3,539 combined sales of detached, semi-detached, and townhouse properties in the 905 Region, compared to only 962 in the City of Toronto, the declines in average sale prices and sales are disproportionately reflected in the overall sales and average sale prices for the Toronto and Region market.

Notwithstanding their lofty prices, detached and semi-detached properties in the City of Toronto sold quickly and, in most cases, above their asking prices. In March, the average sale price for a detached property was $1,337,498, 5 percent higher than in February and 2.6 percent higher than in March of last year. On average, all semi-detached properties sold for 107 percent of their asking price, and in only 15 days. In Toronto’s eastern districts, all semi-detached properties sold in just 13 days and, given the overall market, for an impressive 111 percent above their asking price.

The condominium apartment resale market, however, continued to decline in March, in stark contrast to the performance of detached and semi-detached properties.  Most condominium apartments are located in the City of Toronto, with the central core of Toronto accounting for 70 percent of these listings. As of the end of March, there were 4,681 active condominium apartment listings, which represents 35 percent of all active listings in the Toronto Region. Therefore, condominium apartment listings have a large and disproportionate influence on the overall market, particularly regarding price and sales.  In March, 1,404 condominium apartments were sold, nearly 30 percent of the total sales reported for the month. The average sale price for all condominium apartments was $682,019, nearly 2 percent lower than last year. Condominium apartments sold for only 98 percent of their asking price, and on average, after 32 days on the market—33 percent longer than the overall market and almost 80 percent longer than detached and semi-detached properties. The average sale price for condominium apartments in the City of Toronto was slightly higher at $716,460.

Indeed, this market is deeply bifurcated.  The Toronto and Region residential resale market has been negatively impacted by the constantly changing policies of the Trump administration, which, like other global markets, has created uncertainty. Real estate markets generally prefer stability. In early April, the Trump administration formalized its tariff policy, and it is clear that Canada—especially southern Ontario—will be affected. Job losses and a downturn in the economy are expected, which will likely prompt the Bank of Canada to lower its overnight lending rate, potentially making homeownership more affordable.  

The residential resale market could experience a situation similar to the Covid-19 environment, though driven by different, but equally powerful, factors.

Read

July 2025 Toronto Real Estate Market Report

The Toronto and Region residential resale market is currently bifurcated, with distinct trends emerging in both the City of Toronto and the 905 Region. Within the City of Toronto, there is further differentiation between condominium apartments and ground-level property sales. Overall, sales are slow across all property categories, not due to lack of demand, but due to a combination of affordability challenges and the fear and economic uncertainty triggered by the tariffs imposed by the U.S. administration.

In March, only 5,011 properties were reported sold, a 23 percent decrease compared to the 6,519 properties sold in March of last year. However, it is encouraging to note that March’s sales were 24 percent higher than the 4,019 residential sales reported in February.  

The decline in sales was more pronounced in the 905 Region than in the City of Toronto. On average, sales of detached, semi-detached, and townhouse properties in the 905 Region dropped by 25 percent compared to last March, while similar property types in the City of Toronto declined by just 12.6 percent. The 905 Region accounts for approximately 62 percent of all reported sales. The average sale price for the Toronto and Region resale market decreased by 2.5. percent in March, from $1,120,984 last year to $1,093,254 this year. This average sale price, however, does not reflect a homogeneous market.

As in the case of sales, average sale prices are similarly bifurcated. The average sale price for detached, semi- detached, and townhouse properties sold in March dropped by 5 percent compared to March 2024. However, similar housing types in the City of Toronto saw a 1.3 percent increase in average sale prices. Given that there were 3,539 combined sales of detached, semi-detached, and townhouse properties in the 905 Region, compared to only 962 in the City of Toronto, the declines in average sale prices and sales are disproportionately reflected in the overall sales and average sale prices for the Toronto and Region market.

Notwithstanding their lofty prices, detached and semi-detached properties in the City of Toronto sold quickly and, in most cases, above their asking prices. In March, the average sale price for a detached property was $1,337,498, 5 percent higher than in February and 2.6 percent higher than in March of last year. On average, all semi-detached properties sold for 107 percent of their asking price, and in only 15 days. In Toronto’s eastern districts, all semi-detached properties sold in just 13 days and, given the overall market, for an impressive 111 percent above their asking price.

The condominium apartment resale market, however, continued to decline in March, in stark contrast to the performance of detached and semi-detached properties.  Most condominium apartments are located in the City of Toronto, with the central core of Toronto accounting for 70 percent of these listings. As of the end of March, there were 4,681 active condominium apartment listings, which represents 35 percent of all active listings in the Toronto Region. Therefore, condominium apartment listings have a large and disproportionate influence on the overall market, particularly regarding price and sales.  In March, 1,404 condominium apartments were sold, nearly 30 percent of the total sales reported for the month. The average sale price for all condominium apartments was $682,019, nearly 2 percent lower than last year. Condominium apartments sold for only 98 percent of their asking price, and on average, after 32 days on the market—33 percent longer than the overall market and almost 80 percent longer than detached and semi-detached properties. The average sale price for condominium apartments in the City of Toronto was slightly higher at $716,460.

Indeed, this market is deeply bifurcated.  The Toronto and Region residential resale market has been negatively impacted by the constantly changing policies of the Trump administration, which, like other global markets, has created uncertainty. Real estate markets generally prefer stability. In early April, the Trump administration formalized its tariff policy, and it is clear that Canada—especially southern Ontario—will be affected. Job losses and a downturn in the economy are expected, which will likely prompt the Bank of Canada to lower its overnight lending rate, potentially making homeownership more affordable.  

The residential resale market could experience a situation similar to the Covid-19 environment, though driven by different, but equally powerful, factors.

Read

I have sold a property at 307 39 Jarvis St Street in Toronto

I have sold a property at 307 39 Jarvis St Street in Toronto on Aug 2, 2025. See details here

Urban Elegance at The Saint James Boutique Living in the Heart of St. Lawrence MarketWelcome to The Saint James, a charming boutique condominium located in Torontos vibrant and historic St. Lawrence neighbourhood. This 1-bedroom, 1-bathroom suite offers approx. 580 sq. ft of intelligently designed living space, complete with underground parking and a private locker perfect for young professionals or pied-à-terre. (If the tenant doesn't need the parking the landlord with reduce the rent by $100.00).On entering the tiled foyer offers a large coat closet with mirrored sliding doors, laundry with storage and room for a key table. On entering the suite you are welcomed to an open-concept living and dining room brought together with laminate floors and with a w/o to a balcony. The galley style kitchen offers tile floors, 3 appliances, a pass through, ample cabinetry and counter space ideal for cooking and entertaining. The spacious bedroom includes a large closet with sliding mirrored doors and provides generous storage options.The St. James offers a full range of premium amenities, including: A stunning rooftop terrace with panoramic city views and BBQ's for the residents, a fully equipped fitness centre, an elegant party room, 24 hr concierge service, visitor parking for your guests and a beautiful party room. With an incredible Walk Score of 97, everything you need is just steps away from the world-famous St. Lawrence Market, to the Distillery District, Financial District, shops, cafes, gourmet dining, and cultural hotspots. Commuting is effortless with the King Streetcar at your doorstep and Union Station just a short walk away and easy access to the expressways.Dont miss this rare opportunity to live in one of Torontos most sought-after downtown communities. Experience the perfect blend of boutique charm and modern city living at The Saint James.Suite is Vacant, photos from previous listing.Seller will reduce the Price by $100. if tenant doesn't need parking

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New property listed in Toronto C01

I have listed a new property at 201 80 Western Battery Road in Toronto. See details here

Located in the heart of Vibrant Liberty Village & designed by Award Winning interior Designer, Ceccone Simone, boasts Open Concept, well maintained floor to ceiling Windows throughout with 1 Bedroom 1 4pc Washroom with Tub, 1 Kitchen with stainless steel appliances,Ensuite laundry. Approx 90 Sq ft west facing Balcony. Building offers 3 Gyms, Indoor Pool, Whirlpool, Steam Rooms, Party Rooms, Caterers kitchen and bar, Patios for BBQ, Sports Lounge with Pool/ Billiard Table, Theatre room and Meeting Room Floor to ceiling windows throughout. Tenant to pay hydro

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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.