News

September is REALTOR® Safety Month in Canada, a time to focus on the tools, tactics, and awareness that keep you safe on and off the field. LSTAR is excited to present two important safety-focused events for REALTORS®.

LSTAR is proud to announce that a total of $10,000 has been awarded to four outstanding students through the 2025 LSTAR Student Scholarship Awards, supporting their post-secondary goals as they embark on the next chapter of their academic journeys.

Are you willing to be an Advocate for a deserving local organization or charity that could benefit from the Ontario REALTORS Care® Foundation’s Every REALTOR® Campaign? If so, please encourage them to apply to LSTAR no later than August 15, 2025, at 4:30 pm.

Despite ongoing uncertainty with U.S. tariffs and the global geopolitical climate, the local housing market continued its steady streak in June, with 745 homes exchanging hands via LSTAR's MLS® System. Housing supply showed signs of stabilization, with almost four and a half months of inventory last month, unchanged from the inventory recorded in May.

LSTAR's May 2025 residential market report reflects a market in transition amid broader economic pressures, including the ongoing impact of US tariffs. In May, 722 homes were sold—a 15.4% decline from May 2024. Meanwhile, new listings rose 15.3% to 1,999, and active listings climbed 26.5% to 3,253, offering buyers a wider selection of properties.

Please be aware of a potential Canada Post strike that could begin as early as May 22, 2025, pending the outcome of ongoing negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW). If a strike occurs, it may impact the delivery of mail and parcels across the country. This could affect how and when you receive important documents, communications, or packages from fellow REALTORS®, LSTAR, and other organizations such as law offices.

In April 2025, LSTAR reported 653 sales, a 14.3% decrease compared to April 2024. New listings totaled 1,523, reflecting a 10.1% decline year-over-year, while active listings increased by 19.6% to 2,891. The average price of homes was $654,147, a slight 0.5% decrease, from April 2024.

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.