Home sales in the Greater Toronto Area experienced an 11.2% decline last year compared to 2024, as revealed in a recent report published on Wednesday. The Toronto Regional Real Estate Board (TRREB) attributed this decrease to economic uncertainty impacting consumer confidence in 2025.
Despite the challenging economic landscape, the report highlighted that listing inventory remained high, leading to downward negotiations on selling prices and ultimately enhancing affordability. Throughout 2025, GTA realtors reported 62,433 home sales via TRREB’s MLS system, with new listings numbering 186,753, marking a 10.1% year-over-year increase.
The average selling price for homes in 2025 stood at $1,067,968, reflecting a 4.7% decrease from the previous year’s figure of $1,120,241. TRREB President Daniel Steinfeld noted that the market saw improved affordability due to lower selling prices and mortgage rates, setting the stage for a potential recovery.
Addressing the need for further support, TRREB CEO John DiMichele called upon government entities to offer tax relief to alleviate the cost of living for families and individuals. Such measures, he emphasized, are crucial in restoring consumer confidence and bolstering economic trust.
TRREB’s Chief Information Officer Jason Mercer underscored the importance of national initiatives in enhancing home sales, citing that federal actions to stimulate the economy could positively impact the GTA housing market. Mercer highlighted the significance of stable employment conditions for households considering long-term mortgage commitments, especially in the current more affordable market environment.
In December 2025, home sales experienced an 8.9% year-over-year decline, with 3,697 reported transactions. New listings in the MLS system for that month totaled 5,299, showing a 1.8% increase from the previous year. The average selling price in December 2025 was $1,006,735, representing a 5.1% decrease compared to December 2024 figures. Despite a slight month-over-month dip in December home sales compared to November 2025 on a seasonally adjusted basis, new listings demonstrated an upward trend.