Summer 2025

According to the Royal LePage® House Price Survey released on April 15, 2025, in the city of Toronto, the aggregate1 price of a home decreased 3.1 per cent year over year to $1,124,600 in the first quarter of 2025. During the same period, the median price of a single family detached home dipped by a modest 0.8 per cent year over year to $1,693,200, while the median price of a condominium decreased 3.9 per cent to $686,700. On a quarterly basis, however, property prices in the city increased moderately. 

“Under normal circumstances, this would be a great time for buyers to get into the market: home prices and lending rates are declining, and supply is increasing. It’s clear that consumer confidence is low, and that’s driving a major slowdown in the GTA housing market,” said Shawn Zigelstein, Broker, at Royal LePage. 

According to a recent Royal LePage survey, conducted by Burson,2 48 per cent of Torontonians say they are confident in the country’s economy today, including only five per cent who are very confident. Among those in the region looking to purchase a home this year, 34 per cent say the ongoing trade dispute with our southern neighbour has not caused them to postpone their home buying plans.

“It’s important to distinguish that we’re seeing a market shaped by caution, not desperation. Inventory is increasing and new listings are continuing to come online, but sellers – in the vast majority of cases – are not panicking. Average days on market are up, but prices have not collapsed; sellers are being patient,” noted Zigelstein. “Buyers who are active today tend to be those who’ve managed their savings well. What they’re finding is a large selection of properties and the luxury to be able to negotiate terms and take their time. 

Royal LePage is forecasting that the aggregate price of a home in the Greater Toronto Area will increase 3.5 per cent in the fourth quarter of 2025, compared to the same quarter last year. The previous forecast has been revised down modestly to reflect current market conditions.

1. Aggregate prices are calculated using a weighted average of the median values of all housing types collected. Data is provided by RPS Real Property Solutions and includes both resale and new build. 2. Burson used the Leger Opinion online panel to survey 2,417 Canadians, aged 18+ between April 2, 2025 and April 9, 2025. No margin of error can be associated with a non-probability sample (i.e., a web panel in this case). For comparative purposes, a probability sample of 2,417 respondents would have a margin of error of ±2%, 19 times out of 20.

Your home is prepared for winter, but what about the summer months? We tend to think of home insurance in the context of wintery conditions: frozen pipes, roof leaks from melting snow, fallen trees and icy walkways. But, summer brings its own set of risks, and many homeowners aren’t aware of the potential gaps in their coverage. 

Imagine a summer storm knocks a tree onto your fence. Are you responsible, or is your neighbour? A guest slips near your pool — are you liable? Or, if a short-term renter causes damage, will your insurance cover the repair costs?

Before summer is in full swing, here’s what every homeowner should double-check in their insurance coverage.

Summer Storms: What’s Actually Covered?

Stormy weather, particularly in warm and humid months, can be unpredictable. High winds, hail, and heavy rain can do more damage than you think. While most home insurance policies cover storm-related damage, flooding can be a different story. Here’s what to check:

Wind and hail damage:Confirm if your policy includes roof and structural repairs.

Overland flood insurance: Standard plans may not cover overland/rainwater flooding.

Tree damage liability: If a tree growing in your yard damages your neighbour’s property, who’s on the hook? Policies tend to vary on responsibility.

Poolside Risks: Are You Liable?

A pool is the ultimate summer luxury, a place for relaxation and making memories. Ensuring your insurance covers unexpected accidents means you can host poolside parties worry-free, knowing you’re protected if anything happens. If you don’t follow the regulations, your coverage may be void in the event of an accident. Here’s what to check:

Liability coverage – $2 million is recommended if you have a pool.

Guest access rules – Policies can limit coverage for non-household members.

Safety compliance – You may require self-closing gates and fencing.

Renting Your Home?

Listing your home or cottage on a short-term rental website like Airbnb, Vrbo or Booking.com? Your standard insurance policy may not cover guest-related damages or liability claims. Review your policy for:

Home-sharing coverage: Some insurers don’t offer short-term rental policies.

Guest damage protection: Airbnb’s Host Guarantee policy isn’t a replacement for insurance.

Local bylaws and permits: Some cities require permits in order to list a home for short-term rentals. Non-compliance could void coverage.

Protect Your Home Before Summer Starts

A quick insurance check-up now can save you from big headaches later.

Thinking about a yard refresh? You might want to rethink that perfectly manicured lawn. Today’s homebuyers are shifting away from high-maintenance grass and prioritizing eco-friendly, low-maintenance landscapes that add both curb appeal and real value.

Here are a few low-maintenance designs you can integrate into your outdoor space today.

What’s In: Low-Maintenance and Sustainable Landscaping

Drought-Resistant Plants  Native plants and drought-tolerant landscaping are gaining popularity for their water efficiency and easy upkeep. 

Pollinator Gardens  Flowers and plants that attract bees, butterflies, and birds boost biodiversity and require minimal care.

Eco-Friendly Alternatives  Artificial turf, clover lawns, and ground covers are replacing traditional grass, offering lush greenery without the need for constant mowing.

Functional Outdoor Spaces  Stone pathways, fire pits, and raised garden beds have been growing in popularity thanks to their usability without the extra work.

What’s Out: High-Maintenance Yards

Large Grass Lawns  Constant watering, fertilizing, and mowing can turn buyers away.

Complicated Flower Beds  While gardens are appealing, buyers prefer low-maintenance perennials over finicky flowers. 

Extensive Landscaping Features  Water fountains and elaborate hedges may look nice, but they’re often viewed as extra upkeep and expenses.

Whether you’re selling your home or just want a refresh, opting for low-maintenance, eco-friendly landscaping can boost curb appeal without the hassle.

Ever notice how some spaces make you feel better? Maybe it’s the soft morning light streaming through a window, the soothing scent of lavender, or a room that’s clean and clutter-free. The way your home looks, smells, and functions can directly impact your mood, and small changes can make a big difference in your happiness and well-being.

Here are a few tips to help turn your home into a feel-good space: 

Switch up your wall art  What you look at every day influences your mood and mindset. Art that feels uplifting and inspiring can set the tone for your space.

Let the light in  Natural light is a proven mood booster. It regulates sleep, improves focus, and increases serotonin levels. Consider adding mirrors in darker spaces, cleaning your windows to allow more light in, and using warm LED bulbs for a cozy glow in the evenings.

Elevate your space with scent  Certain scents can promote calmness, energy, or relaxation, just like a spa or cozy cafe. Try diffusing lavender or chamomile essential oils for stress relief, or choose a citrus scent like lemon or grapefruit, which are known to boost energy and focus.

Declutter for a clear mind  A cluttered space can create mental overwhelm, while a tidy home promotes calm and clarity. Organize high-traffic areas with baskets and trays and consider donating unused items to create more open, breathable spaces.

Your home should be a place that uplifts and energizes you. By making a few small adjustments, you can create a space that enhances your daily happiness, focus, and relaxation.