GTA Market Statistics & Updates - December 2025
Stay informed with the latest real estate market data and insights from the Toronto Regional Real Estate Board (TRREB). Annual Greater Toronto Area (GTA) home sales declined in 2025 compared to 2024, as economic uncertainty weighed on consumer confidence. Over the same period, listing inventory remained elevated, allowing for selling prices to be negotiated downward, helping improve affordability.
December 2025 Market Overview
The GTA housing market became more affordable in 2025 as selling prices and mortgage rates trended lower. Improved affordability has set the market up for recovery. Once households are convinced that the economy and labour market are on a solid footing, sales will increase as pent-up demand is satisfied.
Key Statistics
Annual 2025 Summary
- Total Annual Sales: 62,433 home sales in 2025
- Year-over-Year Change: Down 11.2% compared to 2024
- Annual New Listings: 186,753 (Up 10.1% year-over-year)
- Annual Average Selling Price: $1,067,968 (Down 4.7% from $1,120,241 in 2024)
Residential Sales - December
- Total Residential Transactions: 3,697 in December 2025
- Year-over-Year Change: Down 8.9% compared to December 2024
- Month-over-Month (Seasonally Adjusted): Down 0.4% from November 2025
Average Selling Price
- December 2025: $1,006,735
- Year-over-Year Change: Down 5.1% compared to December 2024
- Month-over-Month (Seasonally Adjusted): Up 0.3% from November 2025
New Listings
- Total New Listings: 5,299 in December 2025
- Year-over-Year Change: Up 1.8% compared to December 2024
Market Balance
- Sales-to-New Listings Ratio: Down 10.3% compared to previous month
Days on Market
- Property Days on Market: Up 18.2% year-over-year
- Listing Days on Market: Up 13.9% compared to previous month
Price Analysis
The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 6.3% year-over-year in December 2025. The average selling price, at $1,006,735, was down by 5.1% compared to December 2024. On a seasonally adjusted basis, December home sales were down slightly month-over-month compared to November 2025, while new listings were up. The MLS® HPI composite trended slightly lower compared to November while the average selling price edged higher.
Expert Insights
Market Outlook
The GTA housing market continues to present opportunities for well-qualified buyers as market conditions favour those ready to enter the market. With lower borrowing costs and more negotiable prices, buyers who are confident in their employment situation can take advantage of current conditions. Improved affordability in 2025 has set the stage for a potential market recovery once economic confidence returns.
Note: The PropTx MLS® System, of which TRREB is a part, has added a number of new client boards over the last year. Many of these boards' Members trade within the Greater Toronto Area and broader Greater Golden Horseshoe regions. As a result, historic data have been updated to reflect the addition of these boards' listings and transactions.
View comprehensive charts and detailed market analysis: Visit our Market Statistics page for interactive charts and in-depth analysis.
Source: Toronto Regional Real Estate Board (TRREB)
