GTA Market Outlook: 2025 Kicks Off with Strong Supply
The Greater Toronto Area (GTA) real estate market enters 2025 with renewed momentum, as lower borrowing costs and ample inventory create opportunities for buyers. TRREB’s latest report forecasts a +12.4% increase in sales this year, with 76,000 transactions expected. While price growth will be moderate at +2.6%, single-family homes are set to see stronger appreciation than condos.
January saw 3,847 home sales across the GTA, down -7.9% year-over-year, but new listings surged +48.6% to 12,392, giving buyers more choice. The average selling price reached $1,040,994, up +1.5% from last year, while the MLS? Home Price Index Composite benchmark edged up +0.44%.
Housing supply remains a key focus for 2025. Encouraging the development of townhomes, duplexes, and multi-unit housing will be critical in meeting demand. Purpose-built rentals will also play a vital role in addressing affordability challenges.
As mortgage rates ease, more buyers are expected to re-enter the market heading into spring. If you're considering buying, selling, or investing, let’s create a strategy tailored to your goals. Message me or visit Schuy.ca/contact to get started today.
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Principal Realtor? at SCHUY Property Group
2 周Hi John, yes, there is a lot of talk & speculation surrounding the tariffs but, if they are implemented (Big if), they won't affect Canada as much as other countries.
Client Relationship Leader at TELUS Health | 20 years of experience in building high-impact portfolio relationships within banking/financial services industry
2 周It would be interesting in the coming months with impending tariffs this spring which will affect home building, renovations and jobs in affected industries, how housing sales both new and re-sale will be effected. It would be interesting to see from the real estate sector provide studies of these effects on sales for both new and re-sale markets