The Greater Toronto Area’s new home market experienced a brutal 2025, marking its worst year in over four decades. New home prices plummeted, with single-family homes dropping 25.4% from their 2022 peak. Condo prices showed more resilience but still weakened. Sales volumes hit rock bottom, with only 5,314 units sold, the lowest since 1981. Inventory remains high, particularly for single-family homes, signaling continued downward pressure on prices. Despite these significant declines, affordability remains a major hurdle for end-users, leaving developers in a challenging position. For a deeper dive into the numbers and analysis, check out the original article on Better Dwelling.
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