Home sales in the Greater Toronto Area experienced an 11.2% decline last year compared to 2024, as indicated by a recent report released on Wednesday. Economic uncertainties dampened consumer confidence throughout 2025, according to the Toronto Regional Real Estate Board (TRREB) in its December Market Watch report. The report highlighted that listing inventory remained high during this period, allowing for negotiation of selling prices downwards, thereby enhancing affordability.
Realtors within the GTA reported a total of 62,433 home sales in 2025 through TRREB’s MLS system. New listings surged by 10.1% year-over-year, reaching 186,753. The average selling price for the year stood at $1,067,968, marking a 4.7% decrease from the previous year’s figure of $1,120,241.
TRREB president Daniel Steinfeld mentioned that the GTA housing market became more accessible in 2025, with declining selling prices and mortgage rates. This improved affordability sets the stage for market recovery, according to Steinfeld. However, TRREB CEO John DiMichele emphasized the need for tax relief from government bodies to alleviate the cost of living for residents.
TRREB’s chief information officer, Jason Mercer, expressed the belief that national initiatives to bolster the economy could positively impact the GTA housing market. Mercer pointed out that reaffirming trade relationships and implementing large-scale domestic economic projects would be vital for boosting future home sales.
In December 2025, home sales saw a decline of 8.9% year-over-year, with 3,697 reported transactions. Additionally, new listings entered into the MLS system that month rose by 1.8% from the previous year, totaling 5,299. The average selling price for December 2025 dipped by 5.1% compared to December 2024, settling at $1,006,735. On a seasonally adjusted basis, December home sales slightly decreased compared to November 2025, while new listings witnessed an increase, according to the report.
