In 2025, the average home price in the Greater Toronto Area (GTA) was $1,067,968, representing a 4.7% decrease from 2024 as higher inventory and economic uncertainty shifted negotiating power toward buyers.

The condominium market also softened, with average prices trending lower year-over-year as increased listings provided more choice and affordability for first-time buyers.

2025 Residential Property Performance

Detached Homes

• Annual Average: Approximately $1.38 million, down about 5% year-over-year across the GTA detached segment.

• Peak Period: Prices were strongest during the spring market, with activity improving alongside temporary gains in buyer confidence.

• Market Leader: Central Toronto neighbourhoods (Downtown, Midtown, and North York) remained among the most expensive areas due to limited land supply and strong long-term demand.

Condominiums

• Annual Average: Roughly $650,000–$690,000 depending on location, with Toronto proper averaging about $690,607 late in the year.

• Year-Over-Year Change: Prices declined approximately 5%, reflecting higher inventory and improved buyer negotiating power.

• Market Trend: Condo apartments remained the primary entry point for first-time buyers as affordability pressures persisted.

Attached Homes (Townhomes/Semi-Detached)

• Average Price: Approximately $1.0 million across the GTA in 2025.

• Market Position: This segment continued to serve as the “middle ground” between detached homes and condominiums, appealing to move-up buyers seeking more space without detached-level pricing.

• Demand Trend: Sales softened slightly year-over-year but remained relatively stable compared to other housing categories.

Market Dynamics & Forecasts

• Overall Market: 62,433 homes sold in 2025, an 11.2% decline compared to 2024 as economic uncertainty slowed purchasing decisions.

• Average Price: $1,067,968 across all property types (down 4.7% annually)

• Inventory: Supply increased significantly throughout the year, with new listings rising 10.1% year-over-year, creating more balanced conditions after several years of tight inventory.

• Higher listing levels gave buyers more negotiating power and contributed to modest price declines.

• Neighborhood Hotspots: Central Toronto (Downtown & Midtown), North York and established transit-oriented communities. More affordable options were generally found in outer suburban areas of the GTA, where supply growth was strongest.

• 2026 Outlook: The Toronto Regional Real Estate Board anticipates a gradual market recovery as borrowing costs ease and consumer confidence improves. Lower mortgage rates and improved affordability are expected to bring sidelined buyers back into the market, moving conditions toward balance after a buyer-leaning 2025.