The Greater Toronto Area’s housing market kicked off 2025 with signs of renewed activity, as January sales volume climbed 10% month-over-month to 5,971 transactions, though remaining well below the previous year’s levels.
Market data from the Toronto Regional Real Estate Board (TRREB) reveals a significant influx of new inventory, with listings soaring nearly 49% compared to January 2024. This surge in available properties offers potential buyers their widest selection in months.
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Despite market fluctuations, home values held steady, with the benchmark price reaching $1,089,300 — a marginal 0.7% gain from the previous year. The Bank of Canada’s recent decision to trim its key interest rate to 3.00% could further stimulate buyer interest.
While TRREB projects optimistic figures for 2025, including a 12.4% boost in sales and 2.6% price appreciation, market observers remain cautious. Trade disruptions and broader economic uncertainties could temper the recovery’s pace.
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