In the past year, home sales in the Greater Toronto Area saw an 11.2% decline from the previous year, as revealed in a recent report. Economic uncertainty in 2025 had a significant impact on consumer confidence, according to the Toronto Regional Real Estate Board (TRREB) in its December Market Watch report. The report also noted that listing inventory remained high during this period, leading to lower selling prices and improved affordability.
TRREB reported a total of 62,433 home sales in the GTA in 2025 through its MLS system, with new listings reaching 186,753, marking a 10.1% increase from the prior year. The average selling price for homes in 2025 stood at $1,067,968, showing a 4.7% decrease compared to 2024.
TRREB President Daniel Steinfeld mentioned that the housing market in the GTA became more accessible in the previous year due to reduced selling prices and mortgage rates. He expressed optimism that with the enhanced affordability, the market is poised for recovery.
However, TRREB CEO John DiMichele emphasized the need for tax relief from all levels of government to alleviate the cost of living. The board believes that implementing fair and responsible tax policies would provide financial relief to families and individuals, thereby boosting consumer confidence and strengthening the economy.
TRREB’s Chief Information Officer Jason Mercer highlighted that national initiatives aimed at stimulating the economy would benefit the GTA housing market. He emphasized the importance of reaffirmed trade relationships and domestic economic development projects in driving future home sales.
In December 2025, home sales saw an 8.9% decrease compared to the same month in 2024, with 3,697 reported sales. New listings in December totaled 5,299, representing a 1.8% year-over-year increase. The average selling price for homes in December 2025 was $1,006,735, down by 5.1% from December 2024. Additionally, on a seasonally adjusted basis, December home sales saw a slight decrease month-over-month compared to November 2025, while new listings increased.