𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for February 2025 vs. 2024 home sales in Toronto, Mississauga, Oakville, and Burlington. 📢
Is it just us or has Q1 of 2025 flown by? The real estate market continues to be better supplied than this time last year, however what’s important to note is that properties are selling yet with varied activity depending on the location, product type and price point.
Savvy Buyers and Sellers know to quiet the noise from the media regarding factors beyond anyone’s control and focus in on what their unique goals are.
What’s critical today is that you have a skilled and knowledgeable Realtor on your side as you navigate the current market. If selling, proper preparation and planning, pricing strategy, stellar marketing and sharp negotiation skills should be paramount. When buying, a sharp pulse on the local market, strong negotiation skills, client focused service and a collaborative approach is the recipe for success.
The real estate market is nuanced, and it’s important that you hire the right person who possesses all of the distinctive qualities to ensure your successful real estate journey.
💡 Here’s what stood out with the month over month activity between January and February 2025
◼️ Toronto average detached home values jumped $200,000 between January and February. In fact, all home types were up month over month, with the next largest increase in semi-detached homes – up $125,000 over the month prior.
◼️ Mississauga on the other hand flat to the month prior across all categories (slight dip, however marginal). Where it gets interesting in Mississauga, is that all categories excluding detached homes were down as compared to February 2024. Detached homes were the only positive year/year difference, up 7% to last year (yet flat to last month).
◼️ Oakville detached home values saw a huge jump month over month – up $261,000 over January. All other home types were down, most notably semi-detached homes, down $230,000 over the month prior while being down 19% over last year. Condo apartments were also down over $100k as compared to January suggesting that the condo market in Oakville is ripe with opportunity.
◼️ Burlington detached home values saw the largest drop in our report based on the month over month figures. Down $141,000 over January and down 3.2% over last year. Whereas semi-detached homes were up close to $150,000 on the month over month suggesting that those who bought in Burlington last month were those seeking value for the price in a sub $1.4m category. Condo townhouses saw a huge drop month over month, down $150,000 and also down 17% over last year. A value driven price point was also evident in condo apartment activity, with the average price dipping below $600k – which we haven’t seen this low in a while.
Want to know what’s happening in your neighbourhood? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation with us via the form below, or call us at 647-293-3785.
