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2025 GTA Housing Market in Review
- The GTA recorded 62,433 sales in 2025, the lowest level since 2000, as trade tensions with the US and the resulting economic uncertainty played a major role.
- The average selling price for all homes combined was $1,067,968, the lowest level since 2020, as tepid demand outweighed lower mortgage costs.
- New listings of 185,628 set an all-time record, beating the previous high of 178,411 set in 2017.
- Reaffirmed trade relationships and large domestic economic development projects will be key to stronger home sales going forward.
Market Highlights
| 2024 | 2025 | Change | |
|---|---|---|---|
| Resale home sales | 70,274 | 62,433 | -11.2% |
| Average resale price | $1,120,241 | $1,067,968 | -4.7% |
| New listings | 168,667 | 185,628 | +10.1% |
December 2025 alone saw 3,697 sales at an average price of $1,006,735.
Tariff Uncertainty Clouds the 2026 Housing Forecast
Canada’s housing and mortgage markets head into 2026 with trade tensions hanging over almost every forecast, even as interest rate cuts and improving inventory offer some relief for borrowers. Canada and the US are set to begin formal talks in mid-January to review their free trade agreement, a high-stakes process for sectors from autos and steel to housing.
Bank of Canada cuts totalling 275 basis points since mid-2024 have helped pull mortgage rates lower. Still, trade uncertainty kept the market in a holding pattern through 2025, and we can likely expect more of the same in 2026 until there is more clarity on the trade front.
Thinking of buying, selling or investing in the GTA? Contact Sergei Mendelev, Sales Representative, HomeLife Frontier Realty Inc., Brokerage, at 416-721-3316 or smendelev777@gmail.com for a free home evaluation or a private consultation.
Statistics courtesy of the Toronto Regional Real Estate Board. Content provided by Mission Response Inc. The information is obtained from sources believed to be reliable, but accuracy cannot be guaranteed and it is not legal, financial or professional advice. Not intended to solicit buyers or sellers currently under contract with a brokerage.
