Great Toronto Area

The Greater Toronto Area (GTA) housing market entered February 2025 with mixed signals, blending cautious price adjustments with a surge in seller activity. Average home prices settled at $1,084,547, reflecting a ​2.2% year-over-year dip but a ​4.2% rebound from January 2025—hinting at early-year momentum. Sales volumes told a nuanced story: while transactions rose 4.9% month-over-month to 4,037 units, this figure remained ​28% below February 2024 levels, underscoring lingering buyer hesitancy despite the Bank of Canada’s recent interest rate reductions.

Supply dynamics dominated the narrative, with ​active listings skyrocketing 76% annually to 19,536 properties—a 14% jump from January 2025. New listings followed suit, reaching 12,066 (up 5.9% year-over-year), though dipping slightly (-2.6%) from the prior month. This influx suggests homeowners are increasingly proactive, likely spurred by macroeconomic headwinds like ​volatile U.S. trade relations and ​evolving Canadian immigration policies, which may be compelling sellers to capitalize on current conditions.

As inventory swells and prices stabilize, the GTA market appears poised for a transformative phase. Buyers gain negotiating leverage with expanded choices, while sellers face heightened competition—a duality that could redefine opportunities in Canada’s most dynamic housing landscape.