In Q1 2025, GTA condo sales dropped 21.7% to 3,794, while new listings rose 25.2% to 14,544, giving buyers more negotiating power. The average selling price fell 2.2% to $680,146. High rental supply kept many renters from buying, opting for lower rents instead. Expected rate cuts and improved economic confidence may boost condo demand later in 2025.
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