The latest Toronto Market Outlook and Year in Review report highlights that a well-supplied housing market will keep home price growth steady at the rate of inflation. The average GTA home price is expected to increase moderately throughout the year.
As borrowing costs decrease, more buyers will step into the market leading into spring 2025, increasing sales and prices. However, trade disruptions could temporarily affect consumer confidence.
January 2025 Market Snapshot:
📉 3,847 home sales – down 7.9% from January 2024
📈 12,392 new listings – up 48.6% year-over-year
🏡 Average selling price: $1,040,994 – up 1.5% from January 2024
Total Residential Transactions
Average Selling Price
Total New Listings
2025 Forecast:
📊 76,000 home sales (up 12.4% from 2024) – driven by lower borrowing costs and increased supply
💰 Average price: $1,147,000 (up 2.6% from 2024) – with stronger price growth for single-family homes
What This Means for You
With more supply and lower mortgage rates, this year could be a great time to make a move. Whether you’re buying, selling, or just exploring options, I’m here to help you navigate the changing market.
CLICK HERE for the Full Market Report.
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