Teranet Market Insight Report

Ontario’s real estate market has recently experienced a few years of change. Entering 2025, the market had historically high transfer volumes, rapid price escalations and a belief that normalization would arrive once rates stabilised. Instead, the data in this report shows that the market did not experience a simple rebound, but a rearrangement by buyer type, property type and geography.  

Transaction volumes remained well below historical norms across much of Ontario in 2025, which has had an impact for professionals across the real estate ecosystem. Deals continued to happen, but there were shifts in the profiles of the types of properties that were transferring and who was buying them. One of the most notable trends we uncover in this report is the shift in the number of transactions completed by multi-property owners and first-time homebuyers.  

On the selling side, we also saw behaviour we haven’t seen at scale in Ontario before. Holding periods lengthened and properties purchased in late 2021 and 2022 that came back to market did so at unprecedented rates of loss.