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The latest REMAX report found signs of the much-anticipated spring market finally materialized in June as greater inventory and softer overall values reinvigorated buyer intentions and bolstered demand for detached housing in the Greater Toronto Area (GTA), Greater Vancouver and the Fraser Valley.
Top Trends:
- More Sales are Occuring at Affordable Prices: In the Greater Toronto Area, homes priced from $850,000 to $1.2 million in key microcosms are moving quickly, while sales in the $1 million to $1.5 million price point in Vancouver and the Fraser Valley are most active.
- Year-round Living is Moving into Recreational Areas: Purchases in more recreational markets such as Bowen Island, the Gulf Islands, Squamish and the Sunshine Coast continued in the first six months of 2025.
- Rental Suites Continue to be in Demand: Buyers continue to offset their mortgage costs by renting suites within their homes out to tenants.
- The Luxury Market is Less Impacted: Buyers at this price point continue to make moves, regardless of market conditions, as evidenced by rising values in the Bridle Path, Rosedale and West Vancouver.
Hot Pockets For Detached Home Sales
Key 416 neighbourhoods led the way in terms of percentage increases in sales, including central core communities Yonge-St. Clair, Casa Loma, Wychwood, Annex (C02) up 31.3 per cent (63 sales in 2025 compared to 48 sales in 2024); and Mount Pleasant East, Mount Pleasant West (C10) up 6.7 per cent (48/45).
Hot Pockets For Price Growth
While there has been an upswing in detached housing values in key areas, most markets remain slightly off year-ago price levels for the same period.
