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VERONICA SENEVIRATNE
REALTOR®
CENTURY 21 Leading Edge Realty Inc. Brokerage
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My Mission is to deliver extraordinary experiences

As a CENTURY 21® REALTOR®, I am committed to providing the highest quality service possible. My personal knowledge, skill and expertise in the local real estate market is combined with the power of the CENTURY 21 brand - one of the world's most recognized names in real estate.

GTA Homebuyers Benefited From More Listings in May

The Greater Toronto Area (GTA) housing market experienced an improvement in affordability in May 2025 relative to the same period a year earlier. With sales down and listings up, homebuyers took advantage of increased inventory and negotiating power.

“Looking at the GTA as a whole, homebuyers have certainly benefited from greater choice and improved affordability this year. However, each neighbourhood and market segment have their own nuances. Buyers considering a home purchase should connect with a REALTOR® who is knowledgeable about their preferred area and property type. In today’s market, working with a REALTOR® who brings expertise, the right tools, and a strong network is essential,” said Toronto Regional Real Estate Board President Elechia Barry-Sproule.

GTA REALTORS® reported 6,244 home sales through TRREB’s MLS® System in May 2025 – down by 13.3 per cent compared to May 2024. New listings entered into the MLS® System amounted to 21,819 – up by 14 per cent year-overyear.

On a seasonally adjusted basis, May home sales were up month-over-month compared to April 2025. This was the second monthly increase in a row. New listings were also up compared to April, but by a lesser monthly rate than sales, suggesting a slight tightening in market conditions.

“Home ownership costs are more affordable this year compared to last. Average selling prices are lower, and so too are borrowing costs. All else being equal, sales should be up relative to 2024. The issue is a lack of economic confidence. Once households are convinced that trade stability with the United States will be established and/or real options to mitigate our reliance on the United States exist, home sales will pick up. Further cuts in borrowing costs would also be welcome news to homebuyers,” said Jason Mercer, TRREB’s Chief Information Officer.

The MLS® Home Price Index Composite benchmark was down by 4.5 per cent year-over-year in May 2025. The average selling price, at $1,120,879, was down by four per cent compared to May 2024. On a month-over-month seasonally adjusted basis, the MLS® HPI Composite and average selling price both edged up compared to April 2025.

“With the federal government’s housing commitments reiterated in the Throne Speech, we now need concrete actions that will restore housing affordability across the GTA and the rest of Canada. This includes lowering high housing taxes and fees, embracing innovative construction technologies, and streamlining processes to reignite the construction of homes. Home construction is associated with huge economic benefits that would help mitigate the negative impact of ongoing trade disputes. Additionally, with inflation remaining low, a rate cut would be a welcome move—particularly for first-time buyers and those renewing their mortgages”, said TRREB CEO John DiMichele.

Month over Month
Year Over Year

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Your local expert - Buying

If you're buying, I can enhance your search process by helping you uncover what you may not have considered, whether it is schools, lifestyle, or the investment value of the property. Using our property search tools, you will be able to find the home that best meets your needs. Finally, with my knowledge of the market, real estate expertise and negotiating skills, I will help you get the best possible deal and handle all the critical details.

Branded Background

Your local expert - Buying

If you're buying, I can enhance your search process by helping you uncover what you may not have considered, whether it is schools, lifestyle, or the investment value of the property. Using our property search tools, you will be able to find the home that best meets your needs. Finally, with my knowledge of the market, real estate expertise and negotiating skills, I will help you get the best possible deal and handle all the critical details.

Your local expert - Selling

If you're selling, I will help you understand market factors that may influence price, preparation and the promotion of your property so that you can make an informed decision that best benefits your needs.  I will then present you with a customized marketing plan using state-of-the-art technology tools to reach the broadest market, both locally and internationally, for your property so that you can secure the best offer.  With CENTURY 21® as one of the largest global real estate brands and our Realtors' focus on the local market, I am confident that it will position you for success in your property sale.

Contact me with any questions regarding the current real estate market or my services. I look forward to working with you.

Century 21 Home

Your local expert - Selling

If you're selling, I will help you understand market factors that may influence price, preparation and the promotion of your property so that you can make an informed decision that best benefits your needs.  I will then present you with a customized marketing plan using state-of-the-art technology tools to reach the broadest market, both locally and internationally, for your property so that you can secure the best offer.  With CENTURY 21® as one of the largest global real estate brands and our Realtors' focus on the local market, I am confident that it will position you for success in your property sale.

Contact me with any questions regarding the current real estate market or my services. I look forward to working with you.

Century 21 Home

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2021 4th Quarter Outstanding Achievement Award
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2021-2nd Quarter Outstanding Achievement
2021-1st Quarter Outstanding Achievement
2020-4th Quarter Outstanding Achievement
2020-3rd Quarter Outstanding Achievement