More Homes, Lower Prices? What TRREB Market Watch Tells Us about March, 2025.
April 3, 2025
Share on:
More Affordable Homes, More Choices, and a Market in Transition
đź’¸ A More Affordable Landscape for Buyers
Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the same time last year. With both borrowing costs and average home prices trending downward, monthly mortgage payments are now more manageable for buyers entering the market.
TRREB President Elechia Barry-Sproule explained:
“Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power.”
📉 Sales Slow Down, Listings Rise
While affordability improved, market activity saw a shift:
5,011 homes were sold, a 23.1% drop compared to March 2024.
17,263 new listings were added, up 28.6% year-over-year.
This points to a classic shift toward a buyer’s market — more listings, fewer competing offers, and increased room to negotiate.
Jason Mercer, TRREB’s Chief Information Officer, added:
“Given the current trade uncertainty and the upcoming federal election, many households are likely taking a wait-and-see approach to home buying.”
đź’° Price Trends: Down Year-Over-Year, Stable Month-to-Month
MLS® Home Price Index Composite Benchmark: ↓ 3.8% year-over-year
Average Selling Price: $1,093,254 ↓ 2.5% year-over-year
Seasonally adjusted: Benchmark dipped, while average price held steady
Although prices are down compared to last year, they remained relatively stable from February to March — a sign the market may be bottoming out.
🧠What to Know as a Buyer or Seller in Today’s Market
For Buyers:
Lower mortgage payments and more listings improve buying conditions
More negotiating power = less pressure to make quick decisions
Still a good time to secure value before rates or prices shift again
For Sellers:
More competition from other listings means pricing and presentation matter more than ever
Market-savvy buyers expect transparency and fair value
Properties in prime locations or priced right are still attracting interest
🗳️ Policy & Election Outlook: Eyes on Housing
TRREB CEO John DiMichele shared that housing remains a top issue for all federal parties, reflecting public concerns about affordability and supply. How the upcoming election and trade policies evolve may influence confidence and activity in the months ahead.
🔍 Market Summary – March 2025 at a Glance
The GTA real estate market is shifting into a more balanced-to-buyer-friendly phase.
Homeownership became more affordable thanks to lower prices and borrowing costs.
While sales dropped compared to last year, there are significantly more listings, giving buyers options.
Prices dipped year-over-year but held steady month-to-month, suggesting a stabilizing trend.
Economic uncertainty and the federal election are influencing buyer psychology.
It’s a time for strategic decision-making — both buyers and sellers can succeed with the right guidance.
📢 Need help making sense of your next move in this market? Whether you’re planning to buy or sell, I’m here to help you navigate with clarity and confidence.
* **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.