Bathurst Manor Year End Report for Housing Sales in 2025

(This information includes Bathurst Manor and Clanton Park)

Happy New Year! It is now the beginning of 2026, a time to reflect on the year that has passed and a time to plan for the New Year.  With respect to real estate and especially real estate in Toronto and areas within, what does this year have in store for you?  Is this the year that you should buy a new house, upgrade you current home, sell your current home, maybe downsize or perhaps invest in real estate? What does the market look like now and for this year?

First let’s look at what happened last year in real estate and how the year ended.  We can definitely say this past few year had a theme of consumer uncertainty. The year 2025 started off as the year ended with higher interest rates in the 5% range. The Bank of Canada continued increasing interest rates starting in 2023/24 in order to lower the infation rate to a target of 2% from around 3% where it was when they started increasing rates. It was not until around the middle of 2024 that the interest rates started to lower. They were over the 4% range until Jan of 2025. Then the rates only dropped 3 times in all of 2025.  

Once the Bank of Canada's interest rates started to come down, it was expected that the housing market would take off, but that didn't happen as expected. Instead we were faced with a threat of tariffs, which resulted in job losses and still a high cost of everyday living. The consumer confidence was still not there, still more uncertainty and still many people waiting on the side lines not knowing what to do, so in turn they did not do! People waited to list and were afraid to buy. Sellers didn't want to take a loss and buyers hoped interest rates and prices  would continue to go down. The inventory of houses increased. The prices in many areas dropped. Consumer confidence was still not there, only those that really needed to move did. The only real change we saw was more inventory of properties, especially condos.

Let’s look at how the year ended.  The Average sale price in Bathurst Manor went down from $1,115,061 to $987,684 and the median price decreased by approximately $120,000 from to $899,509 to $690,000.  The number of new listing taken over the year increased fom 872 to 905. The number of sales decrease from 302 to 295 this year.  It took 3 day longer on average to sell a house in the Bathurst Manor than it did last year, taking 26 days in 2024 and 29 days this year. The houses that sold did so at 98% of asking price down from 100% of asking last year. 

What does this mean?  Simply that some of Toronto and especially Bathurst Maror housing market went through some changes.  Prices decreased by 11% and the median price decreased significatly by 23% meaning that more lower priced homes sold than higher end. Probably more condos and towns sold in this area. It was uncertain times and people paused to see what was going to happen with housing in this area. Sales oly increased but only by 2%,  new listings also increased by only 4%. There was not a lot of real estate activity in this area. The sales to listing ratio decreased by 2% and houses stayed on the market 12% longer or they took 29 days to sell instead of 26 days last year. Interest rates would need to remain stable, as well as more certainty with what was happening with tarriffs and things happening around the world for the market to pick up. However all thing considered the market did not crash as people were afraid, yes prices did drop that but not by any crazy amount and on the positive side for those that qualify, rates have started to drop and there is much more inventory than there was, meaning a lot more choice and no rush to make decisions on the spot.

When we have under 4 houses available for sale for every house sold it is considered to be a sellers market. When there is 4-6 houses available for every sale it is considered to be a balance market. When there is over 6 houses available for every sale it is said to be a buyers market. This year's market definately would have been a sellers market with 3 homes available for every house sold. However, because of the uncertainty and lack of consumer confidence, it didn't turnout like that, instead it was also an opportunity for those that could still qualify for a mortgage with the new rates.  As for price, every area was different, some areas had a larger price correction downward than others, and in some area's prices did not undergo a price drop at all. Some areas were still seeing homes selling above asking price and some were still selling in multiple offers. So basically all areas need to be looked at individually. This year could have been a real buying opportunity in some areas, especially the areas that had a price drop. The condo market was another area of opportunity as that inventory definately increase. It was also a great time for move up buyers as the price difference from your smaller home to a larger home was less.

 Borders are open again immigration will continue again causing more of a need for housing. Interest rates should continue to drop in the near futureor at least stay the same (which is at the average rate) and as always housing prices will continue to increase over time as they alway have.  The heads in our company are prediction that by 2030 the average house price in the GTA will be over $2,000,000.

Here are a few facts that we see and know:

• Prices in some areas have returned to around the 2021 levels, opening up opportunities to many.
• Interest rates have returned to a more afordable level.
• Emigration will continues at record high levels. 
• We are not making more land, therefor it's hard to keep up with the demand.
• Rental rates are similar to cost of ownership and in some cases more.
• The boomers' kids have grown up (kids born from 1977 to 1994 which number around 9.2 million in Canada in 2011) they are ready to buy real estate.
• Real Estate over the long term is a sound investment that continues to increase over time.
• Real Estate has been paying a higher return than investing you money in the bank.

Toronto offers an ideal location close to everything including highways, ttc and it s very central. Now that people have discovered working remotely some don't need to be in the city's core and live in small quarters, they can now spread out and live in larger homes, on larger lots or first time buyers can find Townhouses, semis, smaller detached and larger condos with parking which the Manor can offer, still offering the convenience of being central. 

The return on your money invested in a bank is extremely low, so why not invest in housing with some areas having prices lowered, it is a sound investment!  If you are thinking of upgraded the gap between housing prices has decreased. It is alway better to buy in a downward market since you can never time the bottom of the market until the market starts to increase. We work the area and often know of homes coming out for sale before they are listed on the market.

Buyer's market or seller's market, NOW IS THE PERFECT TIME FOR SOME TO BUY OR SELL!!

For help with any of your Real Estate inquires or needs, Or to discuss your area's housing prices feel free to call Carey and Sharon Rosenzweig (416) 818-2600.