The Larger Toronto Space housing market demonstrated indicators of renewed exercise in Might 2025, with the Toronto Regional Actual Property Board (TRREB) reporting a complete gross sales quantity of just below $7 billion. Common costs throughout all residence sorts got here in at $1,120,879, and notably, residence gross sales rose 8.4% month over month. Whereas the market stays far under the height exercise ranges seen in earlier a long time, this current enhance marks a significant shift in momentum after a extra subdued interval.
GTA-Large Snapshot
In Might 2025, there have been 21,819 new listings throughout the GTA, contributing to a complete of 30,964 lively listings by the top of the month. Properties offered at a median of 99% of their record worth and usually remained in the marketplace for just below 24 days. With an estimated 6,244 gross sales throughout the month (based mostly on whole greenback quantity and common worth), the sales-to-new listings ratio suggests a balanced market leaning modestly towards seller-friendly situations. The common months of stock was 3.5.
Regional Highlights
Toronto accounted for the most important portion of gross sales quantity in Might, totaling roughly $2.68 billion, with a median residence worth of $1,155,616. Houses within the metropolis stayed in the marketplace for about 26.6 days on common and usually offered for 98.4% of the record worth. York Area adopted intently behind with $1.29 billion in gross sales and the best common residence worth amongst all sub-regions at $1,282,040. Simcoe County additionally reported sturdy pricing with a median of $1,237,499 throughout practically $989 million in gross sales.
Durham Area continued to attract patrons with a median worth barely above $1 million and a gross sales quantity exceeding $1 billion. Peel and Halton areas supplied barely extra accessible pricing, with common residence costs of $905,702 and $938,521, respectively, whereas nonetheless sustaining respectable volumes. Dufferin County remained the smallest market by way of gross sales exercise, with a complete gross sales quantity of $32.2 million and a median residence worth of $766,862.
A Return to Market Exercise
A notable growth is the 8.4% enhance within the GTA home sales in comparison with final month. Whereas this progress doesn’t convey gross sales again to the peaks seen within the early 2010s, it does signify a step away from the sluggishness that has been seen extra lately. This progress can also be occurring alongside elevated stock ranges and still-high costs.
Elevated Itemizing Exercise
The variety of new listings within the GTA was notably larger than historic benchmarks for a similar month. For context, new listings in Might 2011 totaled 19,782 and 14,848 in Might 2012. The 21,819 new listings recorded in Might 2025 mirror a extra dynamic market atmosphere.
Pricing
The common promoting worth for all residence sorts mixed within the GTA for Might 2025 was $1,120,879. Whereas the typical promoting worth in Might 2025 was down by 4.0% in comparison with Might 2024, when the typical worth was $1,167,646, there was a month-over-month enhance in common promoting worth from April 2025 to Might 2025. The common worth edged up in Might in comparison with April 2025, on a seasonally adjusted foundation. This follows the same enhance from March 2025 ($1,092,488) to April 2025 ($1,107,858), marking the second consecutive month-to-month enhance for the typical promoting worth.
