These Numbers Show How Hard It Is to Sell a GTA Home Right Now

Homes across the Greater Toronto Area are taking three to four times as long to sell compared to the 2022 peak with no signs of a turnaround.

By Josh Sherman | 2 minute read

The Greater Toronto Area’s real estate market has undergone a dramatic transformation over the past five years — just ask anybody trying to sell a home in the region right now.

Over that time, the country’s largest market has flipped from displaying unrestrained demand at the tail end of the pandemic to widespread sluggish conditions that persist today. New analysis from Wahi puts this significant change into perspective by examining the average days on market by property type for each quarter between 2020 and this year.

Overall, the data show that the average days on market for all property types has continued to increase on a year-over-year basis. Homes, regardless of type, are taking longer to sell. But performance varied significantly by property type, and one property type was more resilient than all the others.

Unsurprisingly, condos not only took the longest to sell but they also had the most substantial increase in the average days on market of any property type. As of Q2 this year, condos were taking an average of 36 days to change hands, up from about 32 days during the same period in 2025.

“Back in 2022, the average condo was getting snapped up in well under two weeks,” notes Wahi Economist Ryan McLaughlin. “However, since then, there has been a mass exodus of investors, federal reductions in immigration targets, and an ongoing trade war,” he says. “The upshot is inventory levels remain near historic highs, giving condo buyers lots of room to negotiate pricing and conditions,” he continues.

The situation was less challenging for single-family home sellers, though days on market continued to trend upwards. Semi-detached homes saw the average days on market climb by two, from 18 to 20, as did detached houses, from about 23 days to 25 days, between Q2 2025 and Q2 of this year.

Meanwhile, townhouses increased by only one day, to about 24 days on average. “As a preferred option for downsizers as well as first-time buyers, who may not be able to afford a detached home but don’t want a condo, there appears to be a higher base level of demand for townhouses in the current market,” McLaughlin explains. In Q2 of this year, the median price of a townhome was $900,424 while the median price for a detached home was $1,199,221.

Despite somewhat more interest from buyers on the single-family home side, the current pace of sales represents a striking contrast to the market’s peak in Q1 2022. At the time, detached homes were selling in just nine days, while semi-detached properties and townhouses took about a week to find buyers. In each quarter since the peak, the average days on market has climbed on a year-over-year basis.