Home sales in the Greater Toronto Area experienced an 11.2% decline last year compared to 2024, as reported on Wednesday. The Toronto Regional Real Estate Board (TRREB) attributed this drop to economic uncertainty affecting consumer confidence throughout 2025.
Despite the decrease in home sales, listing inventory remained high, leading to negotiable selling prices and enhanced affordability. Realtors in the GTA facilitated 62,433 home sales in 2025 through TRREB’s MLS system, with new listings totaling 186,753, showing a 10.1% increase from the previous year.
The average selling price in 2025 stood at $1,067,968, marking a 4.7% decrease from 2024’s $1,120,241. TRREB President Daniel Steinfeld highlighted the improved affordability in the housing market, suggesting a potential market recovery once economic stability is perceived by households.
TRREB CEO John DiMichele emphasized the need for tax relief from government entities to alleviate the cost of living for families and individuals, thereby restoring consumer confidence and trust in the economy. TRREB’s chief information officer, Jason Mercer, mentioned that national projects aimed at boosting the economy could positively impact home sales in the GTA.
In December 2025, home sales witnessed an 8.9% decline compared to the same month in 2024, with 3,697 reported sales. New listings for December 2025 reached 5,299, reflecting a 1.8% increase year-over-year. The average selling price for December 2025 was $1,006,735, down by 5.1% from December 2024.
On a seasonally adjusted basis, December home sales slightly decreased month-over-month compared to November 2025, while new listings showed an increase, according to the report.