Toronto home prices set to rise in 2025 but condo market on 'different trajectory': Royal LePage report

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While the Greater Toronto Area is expected to see a bump in home prices in 2025, condo prices will not recover next year, according to a new report by Royal LePage.

Real estate sale signage is shown on a street in Oakville, Ont., west of Toronto, on Thursday, Nov.7, 2024. THE CANADIAN PRESS/Richard Buchan

Due to a glut of inventory, Toronto’s condo market appears to be on “a different trajectory,” the report notes. “The wave of new condo units set to hit the market will offer a period of better affordability, but it will be short lived. Fewer project starts today mean a period of ultra-low completions several years from now. The eventual return of real estate investors to this segment will result in increased competition down the road.”

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