The Market Chill Deepens in East Toronto
The buyer’s market in East Toronto real estate has taken firm hold. According to the Toronto Regional Real Estate Board (TRREB), sales in 2025 dropped over 11%, with the average price falling to $1,067,968, down 4.7% from 2024. December data was even more telling, showing a 6.3% year-over-year price drop.
Even traditionally resilient property types like condos aren’t immune. The average condo price in the Greater Toronto Area dipped to $628,029, reflecting a 7–8% decline. This downturn, though driven by high interest rates and economic uncertainty, has extended the typical winter slowdown, turning it into a prolonged freeze.
Buyers Have Time, and Leverage
Realtors report that the buyer’s market in East Toronto real estate conditions are not triggering a frenzy, but instead encouraging patience. Buyers today are picky, measured, and unhurried, a stark contrast to the bidding wars of recent years.
Experts note that sellers are gradually aligning with new price realities. Deals are happening not because of renewed demand but due to lowered expectations. In areas like Midtown Toronto and East York, this dynamic is especially pronounced.
Regional Trends Reflect Broader Hesitation
Outside Toronto, markets like Barrie and Ottawa show similar patterns. In Barrie, buyers from the GTA are still relocating for affordability, yet uncertainty dominates. Many sellers price based on past peaks and are forced to withdraw listings when showings fall flat.
In Ottawa, buyers are cautious but slowly returning. Condo supply is high, but return-to-office trends could restore balance. Nonetheless, global factors continue to impact buyer confidence.
What Comes Next for Sellers and Buyers?
The Canadian Real Estate Association predicts modest improvement in 2026, but it’s clear the landscape has changed. Transactions continue, driven by financial pressure, lifestyle needs, or strategic timing, but urgency is lacking.
East Toronto real estate remains one of the more impacted submarkets. The buyer’s market in East Toronto real estate presents opportunities, but both buyers and sellers need to adjust to a slower, psychology-driven pace.
Navigate the Buyer’s Market with Confidence
The current buyer’s market in East Toronto real estate favours informed, prepared buyers, but also calls for realistic, flexible sellers. Whether you’re considering listing your home or looking to make a move, understanding this new rhythm is key.
Contact our team for a personalized market consultation or a free home valuation.
