The 2025 Year in Review offers a clear, data-driven look at how Toronto’s real estate market evolved over the past year — and what those shifts signal for what comes next.

Following a period of uncertainty, 2025 marked a year of recalibration. Easing interest rates, changing buyer confidence, and continued pressure in certain segments reshaped market dynamics across the city. This report cuts through the noise to highlight the trends that truly mattered, from sales activity and pricing patterns to property-type performance and buyer behaviour.

Designed as an online booklet, this review combines market data with practical insight to support informed conversations and confident decision-making heading into 2026.

Whether you’re reflecting on the year just passed or planning your next move, this report provides a grounded perspective on Toronto real estate — where it’s been, where it stabilized, and where momentum may be building.

➕ The Numbers for January are in! ➕


Toronto’s housing market began 2026 on a quieter note, with sales activity continuing to ease as affordability pressures and economic uncertainty keep many buyers on the sidelines. New listings were also lower than this time last year, signalling that some sellers are choosing to wait rather than test the market.


Prices continued to soften in January, reflecting an environment where buyers remain cautious and highly value-driven. Compared to late 2025, momentum slowed further, while available inventory edged higher—creating more choice and negotiating room for those actively in the market.


For buyers, today’s conditions are opening up opportunities that were largely out of reach during the peak years, particularly for those who are well-prepared and patient. For sellers, success continues to hinge on realistic pricing, thoughtful presentation, and a clear understanding of current buyer expectations.


Looking ahead, confidence will be shaped by interest-rate expectations and broader economic conditions. Until clearer signals emerge, Toronto remains a market where strategy, preparation, and expert guidance matter more than ever.

Here’s how average prices in Toronto stacked up by property type in January:


➕Detached $1,541,791 [-2% vs. 2025]
➕Semi-detached $1,146,188 [-1% vs. 2025]
➕Townhouse $876,585 [-7% vs. 2025]
➕Condo $631,932 [0% vs. 2025]


If you’re thinking about making a move this year, let’s talk strategy.


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Data presented is for the City of Toronto only. Source: TRREB.

➕ The Numbers for December are in! ➕


Toronto’s housing market ended 2025 with a more nuanced story than the broader GTA. While annual sales across the region declined amid economic uncertainty, Toronto saw stronger activity in December, with home sales up year-over-year compared to December 2024—a notable divergence from GTA-wide trends.


Throughout 2025, elevated inventory levels and softer pricing improved affordability, giving buyers more leverage and time to be selective. Average prices trended lower over the year, helping reset expectations and drawing some buyers back into the market—particularly in the City of Toronto, where demand tends to rebound first when conditions stabilize.


December’s increase in Toronto sales suggests early signs of pent-up demand beginning to surface, even as many households remain cautious. Buyers continue to focus on value, employment stability, and longer-term economic clarity before making major commitments.


Prices remain more accessible than a year ago, supported by both downward price adjustments and easing mortgage rates. That combination is creating opportunities—especially for well-prepared buyers and realistically priced listings.


Looking ahead to 2026, confidence will be the key driver. If economic conditions, employment outlooks, and trade relationships continue to stabilize, Toronto is well positioned to see momentum build ahead of the rest of the region.

​Looking to buy or sell a home in Toronto?  Average prices in December were as follows:


➕Detached $1,498,079 [-8% vs. 2024]
➕Semi-detached $1,133,309 [-14% vs. 2024]
➕Townhouse $976,161 [+8% vs. 2024]
➕Condo $663,227 [-8% vs. 2024]

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Data presented is for City of Toronto Only.   Source: TRREB.

➕ The Numbers for November are in! ➕


Toronto’s late-fall market remained steady in November, with many buyers still waiting for clearer economic signals. Even so, softer prices and strong inventory continued to create opportunities for those actively looking.


While overall activity eased year-over-year, month-to-month trends were relatively stable—suggesting the market is finding its footing. Encouragingly, November brought stronger-than-expected job growth and positive economic indicators. If this momentum carries through, buyer confidence could strengthen as we head into 2026 and beyond.


For now, well-supplied resale options give buyers room to explore the market at their own pace. Looking ahead, new construction—especially “missing middle” housing—will be key to maintaining choice as inventory is absorbed. Industry leaders remain optimistic that ongoing infrastructure investments and improving economic conditions will help support a healthier, more balanced market.


If you’re considering a move, this season’s increased affordability and selection may offer a strategic window. Let’s talk about your options and how to make the most of this moment.




Looking to buy or sell a home in Toronto?  Average prices in November were as follows:


➕Detached $1,545,941 [-9% vs. 2024]
➕Semi-detached $1,187,111 [-5% vs. 2024]
➕Townhouse $870,793 [-4% vs. 2024]
➕Condo $701,259 [-2% vs. 2024]


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Data presented is for City of Toronto Only.   Source: TRREB.
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➕ The Numbers for October are in! ➕


Toronto’s fall market continued to evolve in October, with buyers benefitting from improved affordability and greater choice. Softer prices and lower borrowing costs created more balanced conditions, giving well-prepared buyers an opportunity to act with confidence.


Detached and semi-detached homes remained more attainable than in recent years, and the condo market continued to offer strong options for both first-time buyers and investors seeking long-term value.


Monthly mortgage payments are trending lower, allowing many buyers to consider homes that better meet their needs. With improved affordability and steady economic conditions, market activity is expected to strengthen once consumer confidence returns.


For now, preparation, strategy, and expert guidance are key to making the most of these opportunities. If you’re planning a move, let’s talk about how to position your home — or your purchase — for success in this shifting market.


Looking to buy or sell a home in Toronto?  Average prices in October were as follows:


➕Detached $1,619,047 [-9% vs. 2024]
➕Semi-detached $1,219,254 [-7% vs. 2024]
➕Townhouse $890,678 [-14% vs. 2024]
➕Condo $699,241 [-3% vs. 2024]


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Data presented is for City of Toronto Only.   Source: TRREB.
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