Quarter 2 Catches Everyone Off Guard! (Toronto Real Estate)

Greater Toronto Area's mortgage delinquencies are rising fast, and Toronto’s unemployment just hit 9%—the highest since 2020. Our real estate market saw nearly 1 in 2 entry-level freeholds are selling over asking, while condos are flatlining at 98% of list price. Buyer sentiment has paused, but pressure is building. Toronto just saw its slowest March for home sales since 2002—with detached homes down 25%, condos down 24%, and over 17,000 new listings flooding the market. That’s pushed active inventory to 23,000 listings, giving buyers more choice and more time. Yet, at the same time, the median price rose $22,000 month-over-month. So what’s really going on?

In this video, I break down what these mixed signals mean, why today’s market feels frozen, and why investors and end-users are both stuck in a wait-and-see mode.

🗓 Book a 1-on-1 eXp educational call with Michael on Zoom: https://calendly.com/michaelduggal/30...

📞 Contact Michael, whether it’s about buying or selling, or learning about eXp Realty:
Direct: 416-671-5218
Email: [email protected]
Instagram:   / michaelduggaltoronto  

💻 Video Course: https://coachingrealestate.teachable.com
🔎 FREE MLS Search: http://torontorealestatenow.com/

#TorontoRealEstate #TorontoRealtor #RealEstateToronto