The Greater Toronto Area’s housing market saw increased affordability in 2025, setting the stage for a potential recovery. According to the Toronto Regional Real Estate Board (TRREB), annual home sales declined by 11.2% compared to 2024, totaling 62,433 transactions. However, an increase in new listings, up 10.1% year-over-year to 186,753, allowed for price negotiation and improved affordability. The average selling price decreased by 4.7% to $1,067,968.
December 2025 saw similar trends, with sales down 8.9% and the MLS® HPI Composite benchmark declining by 6.3%. TRREB emphasizes the need for economic stability and government support to bolster consumer confidence and fuel market recovery. They call for tax relief to ease the cost of living and restore trust in the economy. For a detailed breakdown of the market data and TRREB’s analysis, visit the original article.
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