Ciao! Welcome to a new episode of Building Wealth Through Real Estate...Brick by Brick with me, Nico James-Bock, Founder of The CondoWiz™ Group and Broker at Keller Williams Co-Elevation Realty in Toronto.

In this episode, I unpack the June 2025 real estate market stats, revealing a surprising mix of resilience and opportunity amid political uncertainty, rising crime, and record-high housing inventory. From a sharp drop in condo prices to a five-month rebound in sales, listeners will learn how market sentiment is shifting—and why now might be the smartest time to act as a buyer. With key insights on immigration trends, insurance spikes, interest rate forecasts, and emerging hotspots like Alberta, this episode delivers the full story behind the headlines—and the strategies that matter most for buyers, sellers, and investors alike. Don’t miss the expert analysis that ties it all together.

Summary:

1. Home prices declined: The GTA’s HPI dropped 5.5% YoY and average prices fell to $1.1M.
2. Sales rebounded MoM: June marked a five-month high with 5,068 sales (+8.1% MoM).
3. Buyer's market confirmed: Inventory levels—especially in resale condos (>5 months) and new builds (exceed 17 months of inventory!!!). Now is the time to BUY BUY BUY. Be tight with prices and exercise patience if selling (Avg DOM 42).
4. Condos under pressure: High completions and low demand are leaving units unsold longer (42 days avg.).
5. Crime impacting sentiment: Rising violent crime and carjackings are driving caution and hurting demand.
6. Insurance costs surge: Home premiums in Ontario rose 84% in the last decade due to climate/flood risk.
7. Net migration shifts: Ontario is losing people to provinces like Alberta due to high costs and policies.
8. Immigration slowing: Canada’s Q1 2025 PR intake was the lowest in four years, though Ontario still leads.
9. BoC rate outlook: Key interest rate is 2.75%; may drop to 2.25% by year-end pending economic data.
10. Affordability improving: Lower prices (because of adjustments/incentives) and rates are helping buyers—especially those ready to act now. BUY BUY BUY.

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