Home sales in the Greater Toronto Area fell by 11.2% last year compared to 2024, as indicated by a recent report released on Wednesday. The Toronto Regional Real Estate Board (TRREB) stated that economic uncertainties negatively impacted consumer confidence in 2025. However, the high listing inventory during this period allowed for negotiation of selling prices downward, ultimately enhancing affordability.
The report disclosed that there were 62,433 home sales in the GTA in 2025 through TRREB’s MLS system, with new listings totaling 186,753, representing a 10.1% annual increase. The average selling price in 2025 was $1,067,968, marking a 4.7% decrease from the previous year.
TRREB president Daniel Steinfeld mentioned that the GTA housing market became more affordable in the past year due to lower selling prices and mortgage rates. Steinfeld expressed optimism, stating that the improved affordability sets the stage for market recovery once economic stability and job market confidence are established.
Nevertheless, TRREB CEO John DiMichele emphasized the need for tax relief from all levels of government to alleviate the cost of living for residents. DiMichele highlighted the importance of fair tax policies to enhance consumer confidence and household stability.
TRREB’s chief information officer, Jason Mercer, suggested that federal initiatives to boost the economy would have a positive impact on the GTA housing market. Mercer emphasized the significance of maintaining trade relationships and implementing large-scale economic projects to bolster home sales moving forward.
In December 2025, home sales in the GTA dropped by 8.9% year-over-year, with 3,697 reported transactions. New listings for that month totaled 5,299, reflecting a 1.8% increase compared to the previous year. The average selling price in December 2025 was $1,006,735, down by 5.1% from December 2024. The report also indicated a slight month-over-month decline in December home sales compared to November 2025, despite an increase in new listings.
