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

GTA condos are expected to see a one per cent decline in price year-over-year by the fourth quarter of 2025. “Following the supersized rate cut made in October, the tide began to turn and activity picked up materially. This momentum is expected to persist through the winter months, giving way to an early spring market in 2025,” Zigelstein said.

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