June 11th, 2025 | Uncategorized

🏡 Is This the Summer to Trade Up in Toronto?

If you’ve been sitting in your starter home — watching prices, interest rates, and headlines — wondering when the right time to make your next real estate move might be… this summer could be your moment.

Here’s why Toronto’s current market might be serving up a rare window for move-up buyers looking to secure more space, a better layout, or that forever-family home.

📉 Prices Are Soft — Especially for Entry-Level Homes

May’s average selling price in Toronto sat at $1.12M, down 4% year-over-year. But when you break it down by property type, the biggest dips are happening in condos, townhomes, and semis — exactly where most move-up buyers are selling from.

If you’re in a starter property like a condo or semi, this means:

• You might not get top dollar (compared to early 2022), but
• The freehold you’re eyeing is also down — possibly more in your reach than you think

We’re seeing a market where the gap between what you have and what you want is narrower than it’s been in years.

📦 Inventory Is Up, Competition Is Down

In May, active listings surged over 41% compared to last year. Translation? Buyers have more choice and more negotiating power.

We’re not seeing frenzied bidding wars (in most segments). Properties are sitting longer — average 27 days on market— and many sellers are open to conditions, price adjustments, and flexible closings.

That kind of balance is gold for move-up buyers who:

• Need to sell and buy on a timeline
• Want to negotiate terms, not just price
• Are looking for that specific home to suit growing needs

🔥 Detached Homes with Basement Potential Are in Demand

Not all homes are equal in today’s market. We’re noticing a clear trend:

• Detached homes with in-law suites or basement apartments are attracting attention
• Multi-generational buyers and those looking for rental income see long-term value

If you’re moving up to one of these — you’re not just buying more space, you’re buying flexibility. Whether it’s room for family, a tenant, or a future work-from-home setup, this kind of layout holds strong in any market.

🧠 The Smart Move-Up Buyer’s Strategy

This isn’t a “jump now or miss out forever” market. But it is a market that rewards buyers who:

• Have equity in a current home
• Are clear on their budget and financing
• Are looking for a home that fits long-term lifestyle needs

If that’s you, summer might be the right season to trade up without the panic of peak-market pricing or the chaos of too much competition.

👋 Thinking of Trading Up?

Whether you’re upsizing for a growing family, hunting for a backyard, or chasing that dream kitchen, we’ve helped hundreds of Toronto families make the move-up leap — smartly, strategically, and stress-free.

Let’s talk about what’s possible this summer, Book a Consult today > HERE