Monday, October 20, 2025

Toronto Home Sales Surge to Highest on Record for February

Canada’s largest housing market had another historic month in February, as home sales in the Greater Toronto Area soared by 52.5% year-over-year, setting a new record for the month whilst pushing the average price above $1 million.

According to data published by the Toronto Regional Real Estate Board (TRREB), there were a total of 10,970 properties that traded owners in the Greater Toronto Area, setting a new record for the month of February. As a result, this pushed the selling price 14.9% higher year-over-year, to an average of $1,045,488 last month.

The strongest price growth was concentrated in the single-family detached property segment, as the average price surged to $1,371,791, marking an increase of 23.1% from year-ago levels. In fact, prices were increasing even faster in regions surrounding the City of Toronto, as remote working flexibility allows potential homebuyers to seek out larger dwellings away from the core of Canada’s largest city. Similarily, Toronto’s condo market also picked up, as sales rose by 64.3% year-over-year in February.

February’s heated real estate activity suggests that buyers continue to remain confident in the housing market even in the new year. Historically-low interest rates, coupled with ongoing work-from-home flexibility, has pushed housing demand above supply levels, especially in the suburban and rural regions. The double-digit price increases are further evidence of this trend, and suggest that the CMHC’s dire forecast of a potential 18% price drop has likely been averted.


Information for this briefing was found via TRREB. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

GTA Home Sales Up 25% in October as Demand for Detached Properties Soars

Despite the calls for an impending housing market crash, it appears that Canada’s real estate...

Saturday, November 7, 2020, 11:33:00 AM

‘Build Canada Homes’: A “Federal Developer” Is Framing The Incoming Elections Talk

A growing push to establish a national developer has emerged as a defining issue in...

Tuesday, April 1, 2025, 12:03:00 PM

Canadian Home Sales Increase for First Time in Six Months in September

Home sales across Canada increased for the first time in six months in September, as...

Monday, October 18, 2021, 10:14:00 AM

Stock Prices May Still Be Elevated Given Current Mortgage Rates And Home Prices

Rising mortgage interest rates and worsening home affordability are buffeting home prices and pressuring equity...

Sunday, October 9, 2022, 03:26:00 PM

Toronto Home Prices Soar to Record in September as Supply Plunged

Home prices across the Greater Toronto Area soared to a new record in September, as...

Monday, October 11, 2021, 03:14:00 PM