Toronto's real estate association says it expects home price and sales weakness to persist for at least the first half of the year. The outlook came as the Toronto Regional Real Estate Board (TRREB) says home sales for January fell 19.3 per cent from a year earlier, while the average selling price dropped 6.5 per cent. Active listings rose 8.1 per cent. The board says home sales totalled 3,082 in January, while the average selling price was $973,289. There were 17,975 active listings.
Home sales dropped 11.2 per cent in the Greater Toronto Area last year compared to 2024, according to a new report released Wednesday. "Economic uncertainty weighed on consumer confidence" in 2025, the Toronto Regional Real Estate Board (TRREB) said in its December Market Watch report. "Over the same period, listing inventory remained elevated, allowing for selling prices to be negotiated downward, helping improve affordability," the report says.
