Buyers have the power as lower prices drive sales in Toronto real estate

by Carolyn Ireland

An 1880s worker’s cottage in Toronto’s Leslieville neighbourhood was listed for less than the owner purchased it for two years ago.

A slight stirring in the Toronto area real estate market in June has turned to a spurt of sales in July as buyers respond to freshly cut asking prices.

Gradually in 2025, sellers are adjusting to the state of the current market, says Scott Hanton, broker with Hanton Real Estate.

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