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Toronto Market Report Infographics
INFOGRAPHICS: January 2025 TRREB Toronto Market Reports
GTA REALTORS Release 2025 Outlook and January Stats
The Toronto Regional Real Estate Board’s (TRREB) Market Outlook and Year in Review report reveals that a well-supplied housing market will keep average annual home price growth at the rate inflation, with the average selling price increasing moderately in the Greater Toronto Area (GTA) over the course of the year.
“A growing number of homebuyers will take advantage of lower borrowing costs as we move toward the 2025 spring market, resulting in increased transactions and a moderate uptick in average selling prices in 2025. However, the positive impact of lower mortgage rates could be reduced, at least temporarily, by the negative impact of trade disruptions on the economy and consumer confidence,” said TRREB Chief Market Analyst Jason Mercer.
Read the full report on TRREB website!
The following data is a comparison between January 2025 and January 2024 numbers, and is current as of February of 2025. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – January 2025 TRREB, Toronto Market Report
INFOGRAPHICS: December 2024 TRREB Toronto Market Reports
GTA REALTORS® Release December Stats
The Greater Toronto Area (GTA) housing market experienced a transitionary year in 2024. Annual sales were up slightly compared to 2023, and new listings were up significantly year-over-year. Buyers benefited from substantial negotiating power on price, especially in the condominium apartment market. Average selling prices in 2024 dipped in comparison to 2023 as a result.
“Borrowing costs were top of mind for home buyers in 2024. High interest rates presented significant affordability hurdles and kept home sales well below the norm. The housing market did benefit from substantial Bank of Canada rate cuts in the second half of the year, including two large back-to-back reductions. All else being equal, further rate cuts in 2025 and home prices remaining below their historic peaks should result in improved market conditions over the next 12 months,” said the Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.
Annual 2024 home sales amounted to 67,610 – up by 2.6 per cent from 65,877 sales in 2023. New listings, at 166,121, were up by a greater annual rate of 16.4 per cent. Listings increasing by a greater rate than sales provided buyers with considerable choice in the marketplace, which effectively kept a ceiling on any widespread price growth.
Read the full report on TRREB website!
The following data is a comparison between December 2024 and December 2023 numbers, and is current as of January of 2025. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – December 2024 TRREB, Toronto Market Report
INFOGRAPHICS: November 2024 TRREB Toronto Market Reports
GTA REALTORS® Release November Stats
Greater Toronto Area (GTA) home sales increased strongly on a yearover-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about by lower borrowing costs. New listings were also up compared to November 2023, but by a much lesser annual rate.
This meant that market conditions tightened, resulting in overall average price growth compared to last year.
“As we approach the end of 2024, I am pleased to report an improvement in housing market conditions. Many home buyers patiently waited on the sidelines for reduced inflation and lower borrowing costs. With selling prices remaining well off their historic peak and monthly mortgage payments trending lower, the stage is set for an accelerating market recovery in 2025,” said Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.
GTA REALTORS® reported 5,875 home sales through TRREB’s MLS® System in November 2024 – up by 40.1 percent compared to 4,194 sales reported in November 2023. New listings entered into the MLS® System amounted to11,592 – up by 6.6 per cent year-over-year. On a seasonally adjusted basis, November sales were up month-over month compared to October.
Read the full report on TRREB website!
The following data is a comparison between November 2024 and November 2023 numbers, and is current as of December 2024. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – November 2024 TRREB, Toronto Market Report
INFOGRAPHICS: October 2024 TRREB Toronto Market Reports
GTA REALTORS® Release October Stats
Greater Toronto Area (GTA) home sales increased year-over- year in September. Buyers were starting to take advantage of more affordable market conditions brought about by interest rate cuts and lower home prices.
“As buyers take advantage of changes to mortgage lending guidelines and borrowing costs trend lower, home sales will steadily increase in relation to population growth. With every rate cut, a growing number of GTA households will afford a long-term investment in home ownership, including first-time buyers,” said Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.
GTA REALTORS® reported 4,996 home sales through TRREB’s MLS® System in September 2024 – up by 8.5 per cent compared to 4,606 sales reported in September 2023. New listings entered into the MLS® System amounted to 18,089 – up by an even greater 10.5 per cent year-over-year. On a seasonally adjusted basis, September sales increased on a monthly basis compared to August, along with new listings.
Read the full report on TRREB website!
The following data is a comparison between October2024 and October 2023 numbers, and is current as of November 2024. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – October 2024 TRREB, Toronto Market Report
INFOGRAPHICS: September 2024 TRREB Toronto Market Reports
GTA REALTORS® Release September Stats
Greater Toronto Area (GTA) home sales increased year-over- year in September. Buyers were starting to take advantage of more affordable market conditions brought about by interest rate cuts and lower home prices.
“As buyers take advantage of changes to mortgage lending guidelines and borrowing costs trend lower, home sales will steadily increase in relation to population growth. With every rate cut, a growing number of GTA households will afford a long-term investment in home ownership, including first-time buyers,” said Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.
GTA REALTORS® reported 4,996 home sales through TRREB’s MLS® System in September 2024 – up by 8.5 per cent compared to 4,606 sales reported in September 2023. New listings entered into the MLS® System amounted to 18,089 – up by an even greater 10.5 per cent year-over-year. On a seasonally adjusted basis, September sales increased on a monthly basis compared to August, along with new listings.
Read the full report on TRREB website!
The following data is a comparison between September 2024 and September 2023 numbers, and is current as of October 2024. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – September 2024 TRREB, Toronto Market Report
INFOGRAPHICS: August 2024 TRREB Toronto Market Reports
GTA REALTORS® Release August Stats
Greater Toronto Area (GTA) home sales were down on a year- over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing market remained well-supplied in August, average home prices only edged slightly lower compared to August 2023.
“The Bank of Canada’s rate cut announced on September 4 will lead to a further improvement in affordability, especially for those using variable rate mortgages. First-time buyers are especially sensitive to changes in borrowing costs. As mortgage rates continue to trend lower this year and next, we should experience an uptick in first-time buying activity, including in the condo market,” said Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.
Read the full report on TRREB website!
The following data is a comparison between August 2024 and August 2023 numbers, and is current as of September 2024. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – August 2024 TRREB, Toronto Market Report
INFOGRAPHICS: July 2024 TRREB Toronto Market Reports
GTA REALTORS® Release July Stats
Greater Toronto Area (GTA) home sales in July 2024 were up compared to July 2023. While sales were up from last year, buyers continued to benefit from more choice in the GTA marketplace, with annual growth in new listings outstripping that of sales. The better-supplied market meant that buyers also benefitted from a slight relief in selling prices on average.
“It was encouraging to see an uptick in July sales relative to last year. We may be starting to see a positive impact from the two Bank of Canada rate cuts announced in June and July. Additionally, the cost of borrowing is anticipated to decline further in the coming months. Expect sales to accelerate as buyers benefit from lower monthly mortgage payments,” said TRREB President Jennifer Pearce.
GTA REALTORS® reported 5,391 home sales through TRREB’s MLS® System in July 2024 – a 3.3 per cent increase compared to 5,220 sales reported in July 2023. New listings entered into the MLS® System amounted to 16,296 – up by 18.5 per cent year-over-year. On a seasonally adjusted basis, July sales and new listings edged lower compared to June
Read the full report on TRREB website!
The following data is a comparison between July 2024 and July 2023 numbers, and is current as of August 2024. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – July 2024 TRREB, Toronto Market Report
INFOGRAPHICS: June 2024 TRREB Toronto Market Reports
GTA REALTORS® Release June Stats
June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB). Despite the Bank of Canada rate cut at the beginning of last month, many buyers kept their home purchase decisions on hold. The market remained well-supplied, resulting in a slight dip in the average selling price compared to June 2023.
“The Bank of Canada’s rate cut last month provided some initial relief for homeowners and home buyers. However, the June sales result suggests that most home buyers will require multiple rate cuts before they move off the sidelines. This follows Ipsos polling for TRREB, which suggested that cumulative rate cuts of 100 basis points or more are required to boost home sales by any significant amount,” said TRREB President Jennifer Pearce.
GTA REALTORS® reported 6,213 home sales through TRREB’s MLS® System in June 2024 – a 16.4 per cent decline compared to 7,429 sales reported in June 2023. New listings entered into the MLS® System amounted to 17,964 – up by 12.3 per cent year-over-year.
Read the full report on TRREB website!
The following data is a comparison between June 2024 and June 2023 numbers, and is current as of July 2024. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – June 2024 TRREB, Toronto Market Report
INFOGRAPHICS: May 2024 TRREB Toronto Market Reports
GTA REALTORS® Release May Stats
May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity. Home buyers are still waiting for relief on the mortgage rate front. Existing homeowners are anticipating an uptick in demand, as evidenced by a year-over-year increase in new listings. With more choice compared to a year ago, buyers benefitted from more negotiating room on prices.
“Recent polling from Ipsos indicates that home buyers are waiting for clear signs of declining mortgage rates. As borrowing costs decrease over the next 18 months, more buyers are expected to enter the market, including many first-time buyers. This will open up much needed space in a relatively tight rental market,” stated Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.
Greater Toronto Area REALTORS® reported 7,013 home sales through TRREB’s MLS® System in May 2024 – a 21.7 per cent decline compared to 8,960 sales reported in May 2023. New listings entered into the MLS® System amounted to 18,612 – up by 21.1 per cent year-over-year.
Read the full report on TRREB website!
The following data is a comparison between May 2024 and May 2023 numbers, and is current as of June 2024. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – May 2024 TRREB, Toronto Market Report
INFOGRAPHICS: April 2024 TRREB Toronto Market Reports
TRREB: More Choice for Home Buyers in April
April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year.
Greater Toronto Area (GTA) REALTORS® reported 7,114 sales through the Toronto Regional Real Estate Board (TRREB) MLS® System in April 2024 – down by five per cent compared to April 2023. New listings were up by 47.2 per cent over the same period. On a seasonally adjusted monthly basis, sales edged lower while new listings were up compared to March.
“Listings were up markedly in April in comparison to last year and last month. Many homeowners are anticipating an increase in demand for ownership housing as we move through the spring. While sales are expected to pick up, many would-be home buyers are likely waiting for the Bank of Canada to actually begin cutting its policy rate before purchasing a home,” said TRREB President Jennifer Pearce.
Read the full report on TRREB website!
The following data is a comparison between April 2024 and April 2023 numbers, and is current as of May 2024. For last month’s numbers, check out our previous infographic!
Or follow this link for all our TREB / TRREB Infographics!
Download Printable Version – April 2024 TRREB, Toronto Market Report Part 1
Download Printable Version – April 2024 TRREB, Toronto Market Report Part 2
