As we step into 2025, the Greater Toronto Area (GTA) real estate market is showing signs of stabilization. While sales activity has slightly slowed compared to last year, an increase in new listings is providing more opportunities for buyers. Lower borrowing costs are encouraging more home purchases, but affordability concerns and economic factors like a slowdown in immigration are shaping a more balanced market.
Key Market Numbers
Home Sales: 3,847 homes sold in January 2025, down 7.9% from last year.
New Listings: 12,392 new properties hit the market, a 48.6% increase year-over-year.
Average Selling Price: Homes sold for an average of $1,040,994, a modest 1.5% increase compared to 2024.
Projected 2025 Sales: 76,000 homes are expected to sell this year, a 12.4% rise from 2024.
Projected 2025 Average Price: Home prices are expected to reach $1,147,000, growing 2.6% over last year.
Here's a quick overview chart providing a snapshot of the current real estate market conditions:
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