February 2025 Market Report
March 5, 2025
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Milton, ON, March 5, 2025 – The Halton Region real estate market showed several positive signs in February, despite heavy snowstorms affecting the weather, a provincial election, and the looming threat of tariffs from the United States.
“The average price across the region for all property types was up +7.2% month over month, with the average sale price of detached and semi-detached homes in particular increasing +13.9% month over month. However, we did see a decrease in the number of new listings, as some sellers are choosing to wait for greater clarity on the impact of potential tariffs prior to listing their home for sale. This ‘wait and see’ sentiment and approach is also extended to buyers, with sales volume decreasing on both a month to month and year to year basis,” says OMDREB President Ken Mazurek.
“Despite an increase in consumer confidence since the 2024 fall market, affordability challenges and recently implemented US tariffs are causing some households to delay their buying or selling plans. However, if the uncertainty with tariffs and the possibility of a Canadian federal election is resolved, and borrowing costs continue to trend lower as expected, we could see an increase in home sales activity in the second half of 2025,” continues Mazurek.
He adds, “When consumers are ready to buy or sell their home, making an informed choice by using an OMDREB REALTOR® should be a priority.”
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