Ontario’s housing market reset: New data reveals shifting buyer trends and investor pullback

Ontario's housing market is experiencing significant shifts, with new data revealing changes in buyer and seller profiles. Despite recent interest rate easing, a market recovery has not occurred as expected. In Toronto, condos represent 60% of land transfers, with a notable increase in new builds. Multi-property owners are reducing their market activity, while first-time buyers are getting older, now averaging 40 years. Homeowners are also staying longer in their properties, with holding periods increasing. The market faces ongoing uncertainties.