Affordability Improves as Buyers Regain Control – May 2025 TRREB Market Watch
June 5, 2025
Share on:
📊 Market Overview: Buyers Find Their Footing in a More Affordable GTA
The May 2025 TRREB Market Watch reveals a shift in the Greater Toronto Area (GTA) housing market, favoring buyers. Sales are down 13.3% year-over-year, while new listings rose 14%, giving buyers more options and stronger negotiation power.
With lower average selling prices and borrowing costs compared to 2024, affordability has improved, but market confidence is still being held back by economic uncertainty and trade concerns.
🔄 Sales vs. Listings: Supply Rising, Demand Hesitant
6,244 home sales reported in May, down from 7,199 in May 2024
21,819 new listings, a 14% YoY increase
On a seasonally adjusted basis, sales were up compared to April, marking the second straight month of increase
This widening gap between listings and sales has led to looser market conditions in many GTA neighbourhoods.
“Buyers have benefited from greater choice and improved affordability this year… but local expertise is critical,” – TRREB President Elechia Barry-Sproule
💸 Prices: Still Down from Last Year, But Stabilizing
Average Price: $1,120,879 (↓ 4% YoY)
MLS® HPI Benchmark: ↓ 4.5% YoY
Month-over-Month (seasonally adjusted): Small price gains over April
Detached and condo apartments saw the largest annual price declines, particularly in the 416 region.
* **In conjunction with TRREB’s redistricting project, historical data may be subject to revision moving forward. This could temporarily impact per cent change comparisons to data from previous years**
Subscribe to exclusive news letters. We will not spam your inbox.
Privacy Policy & Disclaimer
Commitment to Privacy We recognize the importance of protecting the privacy of information collected about our customers and prospective customers. This privacy statement discloses what information is gathered, how it is used, and how to correct or change it. It is our intention to give you an understanding about how we collect your Information and the use we make of it in the course of our business.
This page sets out our privacy policy and describes why and how we collect, use and disclose personal information which you choose to provide to us on our website, as well as how to access, modify, or delete your personal information. This policy doesn’t apply to anyone who isn’t under our control or management, such as the operators of other websites that you might link to from our website. Such operators may have their own privacy policies, which might differ from ours. Appropriate security measures are in place in our physical facilities to protect against the loss, misuse or alteration of information that we have collected from you at our site.
The information provided by users of this site or emailed to this office is collected for the purpose of better serving the user’s real estate needs.
Collect Personal Information This site functionality requires/requests users to give us contact information (such as their email address) and personal information (such as their names, address phone numbers, and property information). This site will collect users’ information from several pages; Contact me/Free Evaluation/Find Your Dream Home etc.
Links This site contains links to other sites. These sites have their own policies and practices with respect to online privacy, and this site cannot be responsible for the privacy practices or the content of these Web sites. In addition, in certain instances this site advertiser may ask you for personal information. This site cannot be responsible for the privacy practices of its advertisers.
Opt-Out This site provides users the opportunity to opt-out from our mailing list from their accounts. To do this click on our unsubscribe link found on the E-Newsletter and Email send to your Email address. Simply submit your email address and click submit; you will be automatically removed from further emailing to your email address.
Cookies This website uses cookies to record user-specific information on what pages users access or visit, record past user activity to provide better service when users return to this website and to customize web page content based on visitors’ browser type or other information that the visitor sends.
Disclaimer of Liability We make no warranties expressed or implied, including warranties of merchantability or assume any legal liability for the accuracy, completeness or usefulness of any information from this website. In addition, the above mentioned assume no damages of any kind including but not limited to punitive and compensatory damages, indirect loss of use, loss of data, loss of income or profit, loss of or damage to property, claims of third parties or other losses of any kind. We take measures to make sure that the information from this website is accurate and current, however make no claim to warrant it. If there are inaccuracies, we will take action to make sure the inaccuracy is dealt with in a timely manner.