Over the past 12 months, the Etobicoke market has experienced noticeable price fluctuations. While long‐term trends remain robust—with benchmark prices showing a substantial rise over 5 and 10 years (27% and 98% respectively)—the most recent data from January 2025 indicates a slight dip in average sold price (919,112) compared to January 2024 (932,385). This minor decline, coupled with month-to-month variances, underscores an environment where short-term fluctuations may be driven by a mix of supply dynamics and market sentiment. The HPI index remains strong at 322, suggesting underlying structural value despite recent monthly variances in the sold price-to-list price ratio and moderate corrections in the short term.

In terms of market supply and demand, the data for the latest month reveals a growing inventory with 865 active listings and 589 new listings against 195 properties sold, resulting in a lower sales-to-new listings ratio (33.1%) and an increased average days on market (39 days) along with 4.44 months of inventory. This imbalance indicates a softer market for sellers in the near term, as the higher inventory and extended time on market tend to pressure prices downward. However, these factors may also benefit buyers and encourage more strategic pricing discussions. Real estate agents should leverage these insights by advising clients on the current competitive landscape while highlighting the strong long-term fundamentals that continue to drive overall market value in Etobicoke.

Read the full article on: Toronto Regional Real Estate Board