The Toronto Regional Real Estate Board’s (TRREB) Market Outlook and Year in Review report reveals that a well-supplied housing market will keep average annual home price growth at the rate of inflation, with the average selling price increasing moderately in the Greater Toronto Area (GTA) over the course of the year.
For 2025, TRREB forecasts:
- A total of 76,000 home sales in 2025, up by 12.4 percent over 2024. Lower borrowing costs, coupled with ample supply, will improve affordability and prompt more buyers to move off the sidelines.
- The average selling price will reach $1,147,000, up by 2.6 percent over 2024, for all home types combined. Price growth will be stronger for single-family homes as compared to the well-supplied condo apartment market.