May 2025 GTA Market Watch
Updated: Jun 26, 2025
According to TRREB, GTA reported 6,244 home sales in May 2025, down 13.3 percent compared to May 2024.
New listings reached 21,819, up by 14 percent y-o-y. On a seasonally adjusted basis, May sales were up compared to April 2025, marking the second consecutive monthly increase. Listings also rose but at a slower rate, indicating a slight tightening in market conditions.
The Home Price Index Composite benchmark dropped 4.5 percent y-o-y. The average housing price was $1,120,879, down 4 percent from May 2024. Both the benchmark and average price edged up month-over-month on a seasonally adjusted basis.
Affordability continued to improve as home prices and borrowing costs declined year-over-year. With more inventory and negotiating power, buyers were better positioned in the market.
GTA Real Estate Market Report – Average Home Prices, Sales Volume & New Listings in May 2025 Toronto Real Estate Market Report – Average Home Prices, Sales Volume & New Listings in May 2025 York Region Real Estate Market Report – Average Home Prices, Sales Volume & New Listings in May 2025 Markham Real Estate Market Report – Average Home Prices, Sales Volume & New Listings in May 2025 Richmond Hill Real Estate Market Report – Average Home Prices & Sales Volume in May 2025
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