Matthew Gizzie Featured in NewmarketToday: Condo Market Reaches Record Listings in 2025

As Featured in NewmarketToday – August 5, 2025

The Newmarket condominium market is undergoing a major shift, and I recently shared my insights with NewmarketToday about what’s driving the change.

Record-High Listings – In July, condo inventory hit 44 active listings, the highest level on record, with two major projects — Davis Condos and Kingsley Square — adding hundreds of new units in the coming months.

Pricing Trends – Median condo prices have dropped to $530,000, down 4.7% from June and 0.9% year-over-year. Buyer demand is strongest for two-bedroom and 1+den units priced between $500K–$560K. One-bedroom and three-bedroom units are underperforming.

Interest Rate Pressure – Current mortgage rates are keeping some buyers out of the market, with prices in some cases pushing into the high $400Ks. A Bank of Canada rate cut later this year could shift buyer sentiment.

What It Means for Buyers & Sellers – Buyers currently have the upper hand with ~6.5 months of inventory, but motivated sellers and strategic investors can still move quickly with the right pricing strategy.

You can read the full NewmarketToday article here: So many options: Sales lag as Newmarket condo listings reach all-time high.

Need expert guidance in navigating Newmarket’s shifting condo market?
Contact me today to create a buying or selling strategy that works in this changing environment.