From RE/MAX Canada – Detached housing values at Greater Vancouver’s and Toronto’s most affordable price points edge upward as buyers cautiously return to inventory-rich markets
Buyers tired of waiting for the “right time” to buy.
Signs of the much-anticipated spring market finally materialized in June as greater inventory and softer overall values reinvigorated buyer intentions and bolstered demand for detached housing in the Greater Toronto Area (GTA), Greater Vancouver and the Fraser Valley.
REMAX examined 83 markets across the Greater Toronto Area, Greater Vancouver and the Fraser Valley, between January 1 and June 30, 2025, and found that almost 23 per cent of markets (19/83) reported detached housing sales on par or ahead of year-ago levels in the first half of the year, while just over 19 per cent reported an upswing in values (16/83).
Detached Home Sales and Prices Climb in Core Urban Areas
Detached home sales during the first six months of 2025 saw rebounding momentum, led by the Greater Toronto Area’s 416 area code, with just over 34.2 per cent of Toronto 416 neighbourhoods experiencing stable or growing activity in the detached home segment—ahead of the GTA’s more suburban 905 area code. Likewise, Greater Vancouver experienced a sales uptick of just over 29 per cent—outperforming Fraser Valley markets.
Limited inventory levels in key areas of Greater Vancouver and Toronto proper—especially at affordable price points—are supporting price appreciation in the detached home category. Greater Vancouver took the lead with 29.4 per cent (5/17) of communities noting an upswing in median price, and 22.8 per cent of 416 markets seeing the same.
“After a prolonged period of uncertainty, we’re starting to see slow but building momentum in Canada’s largest real estate markets,” says Don Kottick, President, REMAX Canada.
“Buyers who have been sitting on the sidelines for months, prepared and ready to pounce, are finally starting to make their moves. Life moves forward and eventually, necessity dictates actions. As a result, there have been a greater number of sales with “subject-to-sale” clauses, especially in the Greater Vancouver and Fraser Valley markets, that provide a safety net for buyers. Sellers are more accommodating as well, willing to work with buyers to achieve a sale. Timing is crucial, as buyers are well aware, and markets appear to have bottomed out.”
To read the full report, click here at 2025 RE/MAX HOT PROPERTIES COMMUNITY REPORT
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