Toronto’s housing market witnessed a dramatic downturn in 2025, with home sales plummeting to a 25-year low of approximately 62,400 transactions, a stark contrast to the 127,000+ sales recorded in 2021. This slump, impacting homeowners like Hossein Khodadadi in Stouffville, is attributed to factors like rising mortgage rates and economic uncertainty. Experts like Ron Butler and Jason Mercer point to the disconnect between lower prices and borrowing costs and the continued stagnation in sales. Vancouver also experienced similar trends, with record-low sales despite increased listings. What does this mean for the GTA market in 2026? Click here to read the full article and delve deeper into the expert analysis and potential future scenarios.
Source: Read the original article
