Welcome to the first Market Watch for 2025! The Toronto Regional Real Estate Board’s (TRREB) Market
Outlook and Year in Review report reveals that a well-supplied housing market will keep average annual
home price growth at the rate inflation, with the average selling price increasing moderately in the
Greater Toronto Area (GTA) over the course of the year. Read more to see how this impacts the housing
market.
The year started off with Greater Toronto Area REALTORS® reporting 3,847 home sales through TRREB’s
MLS® System in January 2025, a 7.9% decrease year-over-year. However, January sales were up month-
over-month compared to December 2024. New listings amounted to 12,392 – a 48.6% jump compared
to the same period last year. At $1,040,994, average selling price went up by 1.5% to compared to the
same period last year. The MLS® Home Price Index Composite benchmark was up by 0.44% year-over-
year.
For 2025, TRREB forecasts a total of 76,000 home sales, a 12.4% increase over 2024 as lower borrowing
costs coupled with ample supply will improve affordability and prompt more buyers to move off the
sidelines. The average selling price is expected to reach $1,147,000 for all home types combined. This
represents a 2.6% increase over last year. Price growth will be stronger for single-family homes, as
compared to the well-supplied condo apartment market.
"As we look to the future, prioritizing housing diversity and supply remains paramount. Encouraging the
development of missing-middle housing—such as townhomes, duplexes, and low-rise multi-unit

buildings—is critical to delivering a range of attainable options for individuals and families," said TRREB
President Elechia Barry-Sproule.
In summary, buyers in the GTA will continue to benefit from lower borrowing costs and a well-supplied
market. However, an increase in transactions will result in a moderate uptick in average selling prices in
2025.
Whether you’re considering upgrading your home , investing in properties , or simply exploring 
your options, don’t hesitate to reach out to Lina & Team. Your trusted real estate advisor is here to help
you every step of the way!

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