Toronto home prices are down, interest rates are dropping, but the economy feels uncertain, and there’s talk that fewer people are buying real estate. So, should you be buying now, or is it better to wait until 2025?
Let’s break it all down in our 2025 Toronto Real Estate Outlook!
Current Toronto Real Estate Market Situation
Prices are still trending downward because many buyers are waiting for interest rates to drop further. When prices are stagnant or dipping, it’s not as exciting for most buyers. People tend to jump in when prices are rising fast.
But right now, with prices lower and rates dropping, there’s an opportunity. Fixed mortgage rates are sitting around 4.1%, compared to 6% last year, with predictions of further rate drops as the economy seeks a boost.
Fear and Hesitation
There’s definitely some hesitation in the market due to economic fears, but here’s the thing: cash flows are strong for real estate investments despite the uncertainty.
For instance, you could pick up a turnkey property in Toronto for around $1 million and see positive cash flow — something that was much harder to achieve before.
Q4 2024 & 2025 Projections
Looking ahead to the rest of 2024, we might see a slight increase in prices as we wrap up the year, but no major shifts are expected. It’s still very much a buyer’s market.
However, 2025 could be more interesting. By then, interest rates are likely to be even lower, and historically, we’ve seen price jumps at the beginning of the year.
What Do Toronto Real Estate Investment Deals Look Like Today?
Even with the current uncertainty, Toronto real estate remains a solid long-term investment.
We’ve crunched the numbers, and our Deal of the Week highlights one of the best multiplex investment opportunities in Toronto. Take a look and see how it could deliver solid returns for you,
The Bottom Line
Right now, the numbers really work in favour of buyers. There’s less competition, fewer bidding wars, and more time for due diligence, making financial planning easier.
While waiting for prices to rise might seem safer, buying based on today’s numbers can give you a big advantage and set you up for future success.
How We Can Help
If you want to explore more multiplex deals or figure out which investment property might be right for you, we’re here to help! Our Toronto-based real estate brokerage specializes in multiplex properties.
Whether you’re buying a ready-to-rent property, converting a space, or building new, we’ve got the expertise to guide you through. Here’s what it’s like to start as a client with us:
- Initial Consultation: We’ll talk with you to understand your needs and teach you how to invest wisely in Toronto real estate.
- Market Search: We’ll search the market to find the perfect property for you.
- Renovation Support: If the property needs renovations, our trusted contractors are ready to help, and we’ll coach you as you manage the project.
- Leasing and Management: If you need help renting out and managing your property, our leasing and management team is here for you.
Ready to get started? Click on the link below, and let’s start working together!
What Toronto Real Estate Investment Is Right For You?
Check out our complete Toronto real estate investment guide for all the details and real-life examples. If you’re ready to dive in, just book a call with us!
