We are one of Canada’s largest real estate associations.

In March 2025, LSTAR recorded a significant decline in sales activity, with only 508 transactions, marking a 33.5% decrease from the previous year. New listings decreased by 11.0%, while active listings increased by 21.1%, indicating a growing inventory. The average price of homes in the region decreased slightly by 0.6% to $643,159. The sale to list price ratio remained close to previous years indicating sellers are still achieving near their asking prices.

The real estate market in February 2025 has shown a mix of stability and challenges. Sales activity saw a decline of 23.1% compared to February 2024, with 476 properties sold. Despite this, the dollar volume of sales reached $308,267,028, reflecting a 20.4% decrease from the previous year. New listings were down by 4.5%, totaling 1,026, while active listings increased by 27.1% to 2,233. The sales to new listings ratio stood at 46.4, indicating a balanced market.

The real estate market in LSTAR's region showcased several positive trends despite a temporary dip in sales activity. Given the stable average prices and the rise in new and active listings, we are optimistic that sales activity will gain momentum in the coming months. The market fundamentals remain strong, and we anticipate a positive rebound in sales activity as we progress through the year.