The Greater Toronto Area, like other real estate markets across the country, has experienced a steep decline in sales activity since 2021. During 2024, units sold were down 44% from 2021 while the first nine months of 2025 has seen a further 8% decline year-over-year.
After inventory nearly doubled during the the second half of 2023, London inventory remains in buyer-friendly territory at 5 months of resale supply. During the third quarter of 2025, average price is similar to where it stood a year ago while overall activity is up 11% compared to units sold in Q3-2024.
During the third quarter of 2025, Windsor & Essex County reported an average resale price of $569K, up 1% from the prior quarter while the provincial average was down 5%. While sales activity remains sluggish, the affordability of Windsor-Essex is resulting in less inventory and faster selling times when compared to London, the GTA, and the province as a whole.
An opinion piece based on historical transaction data from each of Ontario’s real estate boards. Ontario is the largest and fastest-growing province in Canada, representing almost half of our national population and expected to surpass 20 million people over the next 25 years (37% forecasted growth).
