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