Is now a good time to sell a Toronto apartment? Feb 2025

Except for a brief pause in March and April 2024, Toronto apartment prices have dropped since June 2023. The current downward trend reverses the nearly constant upward trend between 2016 and 2022.

Typically, Early spring is a “tighter” market with fewer condo apartments for sale in Toronto and more homebuyers looking, which puts upward pressure on prices.

Then, by late spring and summer, there will be fewer active buyers, and active listings will tend to accumulate, easing upward pressure on prices and favours buyers.

The apartment market is balanced, so buyers and sellers have equal negotiating power. However, inventory levels are growing, disadvantaging sellers.

Months of inventory increased from 3.5 to 6 compared to last year. Up 71 percent.

The Toronto condo apartment market is now balanced, and it is a worse time to buy than a year ago. Condo apartment sellers can expect fewer bidding wars.

The number of Toronto condo apartments purchased in January was similar to last year, but the number of apartments for sale has risen. That’s why the months of inventory have increased.