January 2025 GTA Market Stats

Are You Ready for the 2025 Housing Shift?

The Greater Toronto Area (GTA) housing market kicked off 2025 with mixed signals. While sales activity slightly declined compared to last year, the market saw a notable increase in listings, providing buyers with more options.

Key Highlights for January 2025:

• Total Sales: 3,847 homes were sold (-7.9%)

• New Listings: 12,392 new properties hit the market (+48.6%)

• Average Price: $1,040,994 (+1.5%)

• Days on Market (DOM): 40 days, indicating a more balanced market



With lower mortgage rates on the horizon, more buyers are expected to re-enter the market. However, potential trade disruptions and economic uncertainty may impact overall confidence.

The market remains active, with detached homes leading demand, while townhouses and semi-detached homes continue to attract value-seeking buyers. The condo market is seeing consolidation as a significant number of new builds have been completed, increasing inventory more than other home types. This has given buyers more options, softening price growth. Overall, buyers are watching interest rates closely, while sellers need to stay competitive with pricing and presentation to attract offers in this evolving market.

This chart highlights the average home prices across different property types in the GTA for January 2025. Detached homes remain the most expensive, while condos offer the most affordability. Market trends suggest steady price growth for single-family homes as demand continues to shift.

While detached homes hold their value, condos are seeing inventory-driven price adjustments, making them more affordable for first-time buyers. Market conditions in 2025 remain balanced, with opportunities for both buyers and sellers.

The GTA housing market has seen a steady rise in Days on Market (DOM), peaking at 40 days in 2025 as increased inventory and cautious buyers slow sales. In contrast, homes sold fastest in 2021 (15 days) due to strong demand and low interest rates. With buyers taking more time to decide, sellers must price competitively and present homes well to stand out.

The GTA Home Sales & Interest Rates Correlation (2020-2025) chart highlights the inverse relationship between interest rates and home sales. As rates remained low from 2020-2021, sales peaked, but as borrowing costs rose sharply in 2022-2024, sales declined. The 2025 sales figure is an estimate, reflecting a potential market rebound as the Bank of Canada lowers rates to 3.0%, making mortgages more affordable. While demand is expected to improve, buyers remain cautious, and the market is still adjusting to economic conditions.

All market data and statistics in this report are sourced from the Toronto Regional Real Estate Board (TRREB). While we strive for accuracy, market conditions are subject to change, and this information should not be considered financial or investment advice.