February Toronto Real Estate Update

Another month, another batch of real estate stats, and the story for February? Toronto is holding steady while the broader GTA market takes a bit of a hit. If you’ve been watching from the sidelines, waiting for a major downturn or panic selling—well, keep waiting. Prices in the city are actually climbing, sales are up, and while uncertainty is keeping some buyers on pause, others are making moves and locking in deals.
Let’s get into it.

Toronto is Purring Along—But the GTA? Not So Much
Despite all the economic noise—Trump’s tariffs, recession concerns, global market wobbles—Toronto’s real estate market isn’t flinching. In fact, it’s doing just fine. Detached home sales jumped over 17%, with prices climbing nearly 13%. Semis? Up 10% in price. Freehold townhomes? Up 50% in sales. Condos? Prices and sales both saw solid increases.
But while Toronto is holding strong, the GTA is a different story. Some areas outside the city are seeing slower sales, rising inventory, and softer prices. Why the contrast?
It comes down to demand and supply dynamics. Toronto remains the economic and cultural heart of the region, and for many buyers, it’s still the most desirable place to live. Whether it’s access to jobs, transit, lifestyle, or investment potential, the appeal of city living hasn’t faded. Meanwhile, some suburban markets that saw explosive growth during the pandemic—driven by remote work and a rush for space—are now experiencing a rebalancing. With more inventory sitting on the market, buyers outside Toronto have more choices and negotiating power, leading to a slowdown in certain areas.
Buyers Are Hesitant—But Should They Be?
The hesitation in the market right now isn’t about affordability—it’s about uncertainty. Interest rates are still sitting at a reasonable 2.75%, which is historically low. But with economic concerns looming, many buyers are pressing pause to see how things play out. Will prices dip? Will new policies shake things up?
But here’s the flip side: while some hesitate, others are finding opportunity. When the market feels uncertain, competition drops. That means the buyers who stay focused—especially those with stable finances and a clear idea of what they want—have a rare chance to buy with less stress, less bidding war drama, and more negotiating power.
Even if you’re not ready to pull the trigger, now is the time to keep a close eye on your preferred neighborhoods and property types. The best deals don’t wait for perfect timing.
Final Thoughts – My Take for Buyers & Sellers
Toronto’s market is proving resilient. Prices are inching up, sales are growing, and while buyers are being cautious, the demand for housing hasn’t disappeared. If anything, the market is in a bit of a reset—one where buyers and sellers are still feeling each other out.
For buyers, if you’re in a strong financial position and know what you want, this could be your moment. When others see uncertainty, some see opportunity. With lower competition and a bit more negotiating power, this is a rare chance to find the right home without the usual bidding war chaos.
For sellers, pricing strategy is key right now. Toronto properties are still moving, but buyers are selective and not willing to overpay. Homes that show well and are priced correctly are selling fast—sometimes in just a couple of weeks. But overpriced listings? They’re sitting. If you’re thinking of selling, work with an agent (like me!) who knows how to position your home for success in this kind of market.
Will we see a major downturn? Probably not in Toronto. The GTA may face more challenges, but demand in the city remains strong.
At the end of the day, real estate is all about timing and strategy. Whether you’re buying, selling, or just watching, stay informed and be ready to move when the right opportunity comes along. Because while some sit on the sidelines, others are out there making their next big move.
You've read my personal opinion, but now here are the cold, hard facts.
Please note that these statistics cover only the City of Toronto. Not Richmond Hill, Not Mississauga, Not Vaughan, etc. If you would like to know what's happening in another area in GTA, please reach out and let me know. I'm happy to chat!
Want to look on your own and see the numbers for yourself? Click Here to view the official statistics that every Real Estate gets sent from TREB and uses for their market updates. These are the exact numbers I use for my Toronto updates and if you want, I can prepare an update as detailed as this blog update for your city, neighbourhood and even street.
Don't be shy, reach out and just ask!
So without further ado, let's take a look at the January Statistics with the charts and breakdown below ⤵️

February saw an uptick in new listings for detached and semi-detached homes, giving buyers more options in those categories. But not all property types followed suit—freehold townhomes, condo townhomes, and condo apartments all saw fewer new listings hit the market. This means that while some buyers may find more selection (especially for houses), condo shoppers are still dealing with a tighter market. The mix of rising supply in some areas and shrinking inventory in others is keeping the market balanced—for now.
Looking at each property type specifically,
Detached homes went from 1054 new listings to 1214, a +15.18% increase.
Semi-Detached went from 246 to 294, a +19.51% increase.
Freehold Townhomes went from 114 to 100, a -12.28% decrease.
Condo Townhomes went from 318 to 303, a -4.72% decrease.
Condo Apartments went from 2972 to 2682, a -9.76% decrease.

The number of active listings took a hit for detached homes, tightening supply in that segment. Meanwhile, semi-detached homes, freehold townhomes, condo townhomes, and condo apartments all saw an increase in available inventory. This means buyers looking for a detached home may face more competition, while those searching for other property types could have more options to choose from. The market isn’t moving in one clear direction—it’s shifting differently depending on what you’re looking for.
Specifically,
Detached homes went from 1450 to 1214, a -16.28% decrease.
Semi-Detached went from 268 to 326, a +21.64% increase.
Freehold Townhomes went from 134 to 146, a +8.96% increase.
Condo Townhomes went from 477 to 539, a +13% increase.
Condo Apartments went from 4540 to 4977, a +9.56% increase.

Buyer activity picked up in most segments, with detached, semi-detached, and freehold townhomes all seeing a boost in sales. Detached homes, in particular, saw a solid 17% increase, while freehold townhomes surged by 50%. Condo apartments also saw a healthy jump, suggesting that demand is still alive and well. However, condo townhomes saw a notable drop in sales, indicating that buyers in that category may be holding back or shifting their focus elsewhere. The market isn’t one-size-fits-all—different property types are experiencing different levels of demand.
Looking at each property type and it's sale from last month to this,
Detached homes went from 351 to 411, a +17.09% increase.
Semi-Detached went from 132 to 145, a +9.85% increase.
Freehold Townhomes went from 34 to 51, a +50% increase.
Condo Townhomes went from 113 to 92, a -18.58% decrease.
Condo Apartments went from 747 to 830, a +11.11% increase.

Despite all the uncertainty in the market, one thing is clear—prices are still on the rise. Detached homes saw the biggest jump, climbing nearly 13%, while semi-detached homes weren’t far behind with a 10% increase. Even condo apartments, often the most affordable entry point, edged up by almost 5%. This suggests that while buyers may be hesitant, those who are making moves are still willing to pay for quality homes in desirable areas. If you're waiting for a major price drop, the numbers aren’t exactly pointing in that direction.
Focusing on the Avg. Price,
Detached homes went from $1,579,386 to $1,782,262, a +12.85% increase.
Semi-Detached went from $1,154,505 to $1,275,214, a +10.46% increase.
Freehold Townhomes went from $1,182,597 to $1,237,604, a +4.65% increase.
Condo Townhomes went from $869,468 to $912,334, a +4.95% increase.
Condo Apartments went from $691,039 to $724,632, a +4.86% increase.

If you’re wondering whether buyers are still out there, the answer is yes—and they’re acting faster than before. Across all property types, days on market have dropped significantly, with semi-detached homes and condo townhomes seeing the biggest declines. Detached homes, which took over a month to sell just recently, are now moving in just 22 days on average. This tells us that well-priced, desirable properties are getting snapped up quickly, and buyers who are serious aren’t hesitating when they find the right home.
Looking at each property type :
Detached went from 32 to 22 days to sell (a -31.25% decrease).
Semi-Detached 34 to 21 days (a -38.24% decrease).
Freehold Townhome 35 to 25 days (a -28.57% decrease).
Condo Townhomes 44 to 27 days (a -38.64% decrease).
Condo Apartments 43 to 36 days(a -16.28% decrease).
Ok! That's it for now. Thanks for reading and have a great day! 👋 - Tyson CR
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