Home sales in the Greater Toronto Area saw an 11.2% decrease in 2025 compared to the previous year, as revealed in a recent report. The Toronto Regional Real Estate Board (TRREB) attributed this decline to economic uncertainty impacting consumer confidence. Despite this, listing inventory remained high, leading to negotiable selling prices, ultimately enhancing affordability.
According to the report, GTA realtors recorded 62,433 home sales in 2025 through TRREB’s MLS system, with new listings totaling 186,753, showing a 10.1% increase year-over-year. The average selling price for the year was $1,067,968, marking a 4.7% drop from 2024.
TRREB President Daniel Steinfeld noted that the GTA housing market became more accessible in 2025 due to lower selling prices and mortgage rates, positioning it for potential recovery. Meanwhile, TRREB CEO John DiMichele emphasized the need for tax relief from governmental bodies to alleviate the cost of living for families and individuals.
TRREB’s Chief Information Officer Jason Mercer highlighted the potential positive impact of national economic development projects on the GTA housing market. Mercer expressed that enhanced trade relationships and domestic projects could drive future improvements in home sales. Notably, Prime Minister Mark Carney’s recent announcements of nation-building initiatives aim to boost Canada’s economic self-sufficiency.
In December 2025, there were 3,697 home sales in the GTA, marking an 8.9% decline from the previous year. Additionally, new listings increased by 1.8%, reaching 5,299. The average selling price for December 2025 was $1,006,735, down by 5.1% compared to December 2024. Despite a slight month-over-month decrease in sales, new listings surged in December compared to November 2025, according to the report.