02/10/2025
Market Trends - January 2025
The GTA real estate market started 2025 with 3,847 home sales, reflecting a 7.9% decline from the previous year. However, new listings surged by 48.6% to 12,392, increasing inventory and improving affordability. Market conditions are expected to stabilize as a result.
According to TRREB’s latest forecast, home sales in 2025 are projected to reach 76,000—a 12.4% rise from 2024. The average home price is expected to grow by 2.6%, reaching $1,147,000, with stronger price appreciation anticipated for single-family homes compared to condos.
The MLS® Home Price Index Composite benchmark saw a modest 0.44% year-over-year increase, while the average home price rose 1.5% to $1,040,994. Seasonally adjusted data indicates that January sales improved from December 2024, suggesting early signs of market recovery.