#MarketSnapshot
Affordability in the Greater Toronto Area continued to improve in May 2025 compared to a year earlier. With sales down and listings up, buyers had more choices and stronger negotiating power.
🏡 Key Stats:
6,244 homes sold (📉 down 13.3% year-over-year)
21,819 new listings (📈 up 14% year-over-year)
$1,120,879 average selling price (📉 down 4% year-over-year)
MLS® HPI Composite down 4.5% year-over-year
Sales and prices up month-over-month (seasonally adjusted)
“Buyers have certainly benefited from greater choice and affordability this year,” said TRREB President Elechia Barry-Sproule. “But every area is different, so working with a knowledgeable REALTOR® is essential.”
📉 Lower borrowing costs are helping ease ownership expenses, but lingering economic uncertainty is keeping some buyers on the sidelines. TRREB’s Chief Information Officer, Jason Mercer, expects more activity once confidence grows and interest rates fall further.
