Stay informed with South Ontario real estate market updates, featuring detailed insights into key regions like Kitchener, Milton, Toronto & much more. This blog provides monthly updates on home prices, sales activity, and mortgage trends to help you navigate the evolving real estate landscape.
Learn how factors like mortgage rate changes, economic shifts, and potential legislative updates, such as the proposed capital gains tax, are shaping the market in South Ontario. Whether you’re buying, selling, or investing, our expert analysis highlights the opportunities and challenges for homeowners and investors.
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South Ontario Update For February 2025
The real estate market in Southwestern Ontario started the year with strong momentum, showing promise for a robust January. On January 29, the Bank of Canada implemented its sixth interest rate cut, bringing the overnight rate down to 3%. However, this news was overshadowed by an earlier announcement from former U.S. President Donald Trump regarding significant tariffs on Canada. Fortunately, these tariffs have been paused for 30 days, though the uncertainty impacted the January real estate recovery in certain areas more than others.
Hamilton, Milton, and Mississauga experienced slight price declines both year-over-year and month-over-month (MoM).
When it comes to sales activity, Kitchener was the standout, being the only city to record increases in both YoY and MoM sales. YoY, sales surged by an impressive 20%. Meanwhile, Hamilton, Milton, and Mississauga saw YoY sales declines of 17%, 18%, and 15%, respectively.
If Canada can reach an agreement with the U.S. and avoid steep tariffs, we should see the real estate market continue its upward trend. However, if tariffs are enforced, the market could face temporary stagnation. That said, such an outcome would likely prompt the Bank of Canada to implement more aggressive rate cuts. Given real estate’s sensitivity to interest rates, it would be one of the first industries to rebound.
Historically, real estate has been a strong investment during times of economic uncertainty, and I believe this moment presents a great opportunity for investors, first-time buyers, and those looking to upsize to strategically allocate their capital toward real estate.
If you’re wondering what to do in this market, I’m Brad Wylde with GoWylde Real Estate, and we’re passionate about helping people build wealth through real estate. Let’s navigate this together!
Questions, reach out to us directly! We are happy to help.
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