With interest rates dropping and condo values softening, first-time buyers and investors have a rare chance to enter the market with more affordability and long-term upside.

The Condo Market Has Softened — But That’s Good News for Buyers

Over the past several months, the condo market has cooled, leaving many buyers wondering if now is the right time to act. While it’s natural to feel cautious, this moment actually presents a unique advantage for:

• First-time buyers looking for an affordable entry point
• Downsizers seeking urban convenience
• Investors positioning for long-term growth

When prices soften, buyers can purchase at a lower cost and benefit from greater appreciation potential when the market rebounds. Condos remain one of the most attainable ways to enter homeownership — and today’s prices make that step even more achievable.

Interest Rates Have Dropped

Another major factor working in your favour is the recent decline in interest rates.

Lower rates reduce monthly mortgage payments and increase your purchasing power, allowing you to afford more home for less money.

Bank of Canada Policy Rate Timeline (2024–2025):

• April 2024: 5.00%
• September 2025: 2.50% Total Drop: 2.50%

This combination of softer condo prices and reduced borrowing costs is a rare alignment — one that doesn’t come around often.

Thinking Long-Term

Real estate markets move in cycles. Today’s dip in condo values is unlikely to last forever. As demand returns, prices are expected to climb again.

Getting in now means:

• Buying at a discount
• Building equity early
• Positioning yourself for future appreciation

The Bottom Line

Don’t let short-term uncertainty hold you back from long-term success. Whether you’re buying your first home, downsizing, or expanding your investment portfolio, this is a window of opportunity worth exploring.

Curious about your options? Let’s connect and discuss how today’s market can work to your advantage.

GTA Housing Market Sees Boost in September Following Interest Rate Cut

Home sales across the Greater Toronto Area (GTA) rose in September compared to last year, as more buyers moved quickly to take advantage of lower borrowing costs. Buyers also continued to negotiate prices amid strong inventory levels.

“The Bank of Canada’s September interest rate cut was welcome news for homebuyers. With lower borrowing costs, more households are now able to afford monthly mortgage payments on a home that meets their needs.” — Elechia Barry-Sproule, President, Toronto Regional Real Estate Board (TRREB)

Market Highlights — September 2025

Month-over-Month Trends:

• Home Sales: 5,592 transactions reported through TRREB’s MLS® System — up 8.5% from September 2024.
• New Listings: 19,260 new properties entered — up 4% year-over-year.
• Average Price: $1,059,377, down 4.7% compared to last year.
• MLS® HPI Composite Benchmark: Down 5.5% year-over-year.
• Month-over-Month Change: Home sales up compared to August 2025 New listings down, indicating slightly tighter market conditions Prices largely stable, edging up 0.2% on average

• Home sales up compared to August
• New listings slightly down, indicating mild tightening
• Average price edged up 0.2%

Expert Insight

“While home sales have improved over the past year, they still remain below normal levels relative to the number of households in the GTA. Two more 25-basis-point interest rate cuts by the Bank of Canada could help align mortgage payments with incomes, further boosting sales and economic activity.” — Jason Mercer, Chief Information Officer, TRREB

Summary

Lower interest rates have brought relief and renewed confidence to GTA buyers, sparking increased activity across the market.

As the economy adjusts and rates stabilize, experts anticipate a gradual rebound in demand — and with it, potential upward pressure on prices later this year