The average residential sale price in the Toronto housing market has decreased by 3.5 per cent across year-over-year all property types between January 1 and July 31 2025 from $1,127,525 to $1,088,166. The number of sales decreased by 11.7 per cent for the same time period from 41,933 to 37,025. The number of listings increased by 16.7 per cent (from 102,641 in 2024 to 119,828 in 2025). Average sales prices across all property types are anticipated to fall by four per cent through the end of 2025, while the number of sales is predicted to also fall, by five per cent.  

Trends in the Toronto Housing Market

The Greater Toronto Area in Q4 2024 experienced an overall buyer’s market and is expected to remain the same for the rest of the year with prices adjusting and affordability improving. Families are driving sales in the region with many first-time buyers returning to the Toronto housing market. Right now there is not enough inventory to keep up with the increasing demand. Economic uncertainty is the biggest challenge in the region.  

There has also been a higher level of listings due to weaker buyer demand amid to economic uncertainty. Sellers in the region are adjusting their expectations, but, it takes time. consumer confidence at this time is balanced given there is a mix of those with reasonable fear of job loss, while some others feel more confident in their job security. 

First-time buyers in the region are becoming older than what they were in previous years, averaging late-twenties. These new and young buyers in the region exploring different ways to enter the market, such as through receiving financial support from their families amid overall affordability concerns.  There has been a slight increase in conditional sales in the higher-end market where move-up or move-over buyers cannot sell their current property.  

There are some up-and-coming neighbourhoods in the region that buyers should pay attention to, including:  

  • Wexford-Maryvale: Has relatively greater affordability and close access to city/transit options making it an appealing choice. 
  • Cairelea-Birchmount: Also has relatively greater affordability and access to city/transit options. 
  • Banbury-Don Mills: Has significant condo construction/new condo housing that is more affordable than freehold in the area that is attractive due to its nearness to the city core and easy access to transit and highways (including the Don Valley Parkway). 

 

Toronto Housing Market_2025 Fall

Overall, affordability in the City of Toronto is improving with more active price adjustments. Further rate decreases in the fall of 2025 with the slowing of the Canadian economy have also helped, leading to easing of inflation and broader price declines. 

More to Explore

Best places to live Toronto

Liveability is a Top Selling Feature When Listing Your Home

September 26, 2025

Family moving in and talking about How Much to Budget for Moving Costs

How Much to Budget for Moving Costs

September 25, 2025

Exploring your neighbourhood

Fall Homebuying and Exploring Your Neighbourhood with Man’s Best Friend

September 23, 2025

A couple talking about How Long Does Mortgage Approval Take After Pre-Approval

How Long Does Mortgage Approval Take After Pre-Approval?

September 22, 2025

Selling your Home this Fall

6 Tips for Selling your Home this Fall

September 22, 2025

Design Trends for Fall 2025

Design Trends for Fall 2025

September 19, 2025

Two women in the garden talking about What Is Homesteading in Canada All About

What Is Homesteading in Canada All About?

September 18, 2025

Will the Bank of Canada Cut Interest Rates This Year

Interest Rate Announcement: Bank of Canada Lowers Rate After Six-Month Hold

September 17, 2025

Will Carney’s Build Canada Homes Plan Make Housing Affordable?

Will Carney’s Build Canada Homes Plan Make Housing Affordable?

September 15, 2025

Find the
Right Agent

Sign up
For Our Newsletter

This field is hidden when viewing the form

Next Steps: Sync an Email Add-On

To get the most out of your form, we suggest that you sync this form with an email add-on. To learn more about your email add-on options, visit the following page (https://www.gravityforms.com/the-8-best-email-plugins-for-wordpress-in-2020/). Important: Delete this tip before you publish the form.
Untitled(Required)

*RE/MAX, LLC, 5075 S. Syracuse St., Denver CO, 80237; RE/MAX Western Canada and RE/MAX Ontario-Atlantic, 639 Queen Street West, Toronto, ON M5V 2B7, 905-542-2400

This field is for validation purposes and should be left unchanged.