Toronto's real estate market is witnessing its biggest shakeup in years. From historic mortgage renewal numbers to potential trade wars, interest rate cuts, and a proposed 6.9% property tax hike - this episode breaks down everything you need to know about the current state of the market. Join us as we analyze Royal LePage's latest report showing a 2.3% price increase, dive into why 1.2 million Canadians are facing mortgage renewals this year, and explore what all this means for buyers, sellers, and investors. Plus, an important announcement about our new bi-weekly podcast schedule. Whether you're actively in the market or just keeping tabs on real estate trends, this comprehensive market analysis is your essential guide to understanding Toronto's real estate landscape in early 2025.

The Greater Toronto Area housing market ended 2024 with fascinating contradictions. Annual sales reached 67,610 units, up 2.6% from 2023, while new listings surged 16.4% year-over-year. The average selling price settled at $1,117,600, showing a marginal decline from 2023. December specifically saw 3,359 sales, a slight decrease from the previous year, with the average price at $1,067,186. Notable divergence appeared between property types, with detached homes showing resilience while condo apartments experienced more significant price pressures.

In this week's episode, we dive deep into the transformative forces shaping Canada's real estate market as we enter 2025. From the Bank of Canada's aggressive rate-cutting cycle to game-changing mortgage rule updates, we explore how these shifts are creating both opportunities and challenges across different market segments. We'll examine why Toronto's poised to potentially overtake Vancouver in pricing, why the condo market's facing headwinds, and what all this means for buyers and sellers in the months ahead.