The Toronto Regional Real Estate Board (TRREB) has released its sales data for December, providing a clear snapshot of how the GTA housing market closed out 2025. The year was defined by improving affordability, elevated inventory, and cautious buyer behaviour.
These conditions allowed for greater price negotiation and contributed to a more balanced market. For the full calendar year, TRREB reported 62,433 home sales, down 11.2% from 2024. New listings moved in the opposite direction, rising 10.1% year-over-year to 186,753, keeping inventory levels elevated and giving buyers more choice. The annual average selling price finished the year at $1,067,968, a 4.7% decline from the prior year.
December followed this broader trend. The 3,697 sales reported across the GTA represent an 8.9% decline from December 2024, while new listings increased 1.8% to 5,299. The average selling price in December was $1,006,735, down 5.1% year-over-year. The MLS Home Price Index Composite Benchmark decreased 6.3% across the GTA and 4.3% in Toronto, reinforcing that pricing has adjusted meaningfully from peak levels.
A review of average annual selling prices by property type shows a broad-based adjustment across the market in 2025. Detached homes averaged $1,379,666, down 5.06% year-over-year, while semi-detached properties averaged $1,050,605, a 4.71% decline. Townhomes posted an average price of $876,345, down 4.93%, and condo apartments averaged $667,235, a 5.07% year-over-year decrease. The consistency of these shifts suggests a market-wide repricing rather than softness confined to any single housing type.
Looking ahead, the market will reward sellers who recognize that conditions have shifted and price accordingly. Well-positioned homes that align with current buyer expectations are most likely to attract interest and offers. With borrowing costs trending lower and prices more grounded, the foundation is in place for improved activity in 2026. Sellers who lead the market rather than chase it will be best positioned for success.
If buying or selling real estate is part of your New Year’s plans, we would be pleased to help you navigate the opportunities ahead with confidence and clarity.
For over 40 years, our clients have trusted us to minimize risk, offer unbiased opinions, and ensure their best interests are served. Contact us today to talk about your needs. Email us at evan@christensengroup.ca or call 416-722-4723.
