Welcome back to Market Watch! With inventory growth in the Greater Toronto Area (GTA) vastly
outpacing sales, buyers now hold significantly more leverage. Further interest rate cuts are
expected, which could help boost demand as borrowing costs become more manageable. Read more to
learns how this will affect the housing market.
Greater Toronto Area REALTORS® reported 4,037 home sales through TRREB’s MLS® System in February
2025, a 27.4% decline year-over-year. The number of new listings increased by 5.4% to 12,066
compared to February 2024. The average selling price decreased by 2.2% to $1,084,547, and the MLS®
Home Price Index Composite benchmark was down by 1.8%.
"Many households in the GTA are eager to purchase a home, but current mortgage rates make it
difficult for the average household income to comfortably cover monthly payments on a typical
property. Fortunately, we anticipate a decline in borrowing costs in the coming months, which should
improve affordability," said TRREB President Elechia Barry-Sproule.
In summary, the GTA remains a buyer’s market as the number of listings continue to increase.
Authorities are optimistic that home sales activity will pick up as interest rates continue to trend lower.
Lina & Team are here to help you navigate these changes. Let’s work together to achieve your real
estate goals!

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