The Last Honest Realtor
Welcome to The Last Honest Realtor, your exclusive, behind-the-scenes pass to the twists and turns of the Toronto real estate market. Hosted by David Fleming of Toronto Realty Group, this podcast offers an unprecedented look behind the curtain, presenting the local real estate scene with a mix of unapologetic honesty and entertaining cynicism.
David doesn’t just talk real estate—he lives it. With years of experience under his belt, he's here to share the unvarnished truth about what it really takes to buy or sell in Toronto. From the big wins to the frustrating pitfalls, get ready for a behind-the-scenes journey that promises both information and entertainment.
Whether you’re a first-time homebuyer, a seasoned investor, or just a real estate enthusiast, David's insights will equip you with the knowledge you need to navigate the market. Expect practical advice on everything from staging and junk removal to listing and making the sale.
Tune in to The Last Honest Realtor and experience Toronto real estate like never before. Be informed, be entertained, and most importantly, be ready to see the industry through the eyes of someone who can handle any challenge the market throws his way.
The Last Honest Realtor
Ep. 61 - From Optimism To Reality: 2025 Toronto Real Estate Market Year In Review
Everybody wants to look ahead and predict what’s coming next. But before we talk about 2026, it’s worth taking a hard look at the year that was. In this final episode of the year, David Fleming breaks down Toronto real estate in 2025 month by month, using real listings, real clients, and real outcomes to explain what actually happened beneath the headlines.
From early optimism and rate cuts, to frozen buyer psychology, collapsing condo sales, and the unraveling of the pre-construction market, this episode offers an honest review of one of the most challenging years Toronto real estate has seen. If you want context, clarity, and perspective, this episode is for you.
In This Episode:
1:21 – January: Early optimism, rate cuts, and first warning signs
6:04 – February: Prices vs. sales in a frozen market
11:48 – March: The Trump effect and condo realities
16:25 – April: Lowest sales on record and diverging buyer behaviour
22:56 – May: Growing price declines and market pressure builds
30:17 – June: Signs of normalization and selective buyer confidence
33:46 – July: Condo struggles, strategic moves, and creative selling
38:33 – August: Media narratives vs. real market conditions
40:50 – September: Fall market activity and standout sales
43:44 – October: Prices stabilize, sales fluctuate
47:58 – November: Government policy, Bill 60, and housing promises
50:59 – December: Final stats and key takeaways
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