The January stats for the Greater Toronto Area are here:
– 3,847 homes sold, down 7.9% YoY
(but up MoM)
(but up MoM)– 12,392 new listings, up 48.6% YoY
(and up MoM)
(and up MoM)– 
Average selling price: $1,040,994, up 1.5% YoY
Average selling price: $1,040,994, up 1.5% YoY
More Listings, More Choice: Higher inventory gives buyers more options right from the start of the year!
Mortgage Rates & Market Impact: Lower rates will drive demand, but U.S. trade disruptions could impact consumer confidence
Prices Expected to Rise: Home prices are forecasted to climb 2.6% in 2025, reaching $1.147M
Sales Expected to Climb: Toronto Real Estate Board projects 76,000 home sales, up 12.4% from 2024, as lower borrowing costs bring buyers back!
Detached & Semi-Detached Homes Driving Growth: These property types are expected to see stronger price gains, while condos remain well-supplied.
Next Key Reports & Announcements:
Canadian Inflation Report: Feb 18
Unemployment Report: Feb 7
BoC Interest Rate Announcement: March 12