Toronto Regional Real Estate Board Reports December 2025 Sales Total 3,697, Average Price $1,006,735, and MLS® HPI Composite Benchmark Down 6.3% Year-Over-Year

Toronto Regional Real Estate Board — December 2025

Toronto Regional Real Estate Board (TRREB) REALTORS® reported 3,697 home sales in December 2025, marking an 8.9 per cent decline compared to December 2024. The average selling price for December 2025 was $1,006,735, down by 5.1 per cent year-over-year, while the MLS® Home Price Index (MLS® HPI) Composite benchmark decreased by 6.3 per cent over the same period.

Market Analysis

For December 2025, the Toronto Regional Real Estate Board reported a Composite Benchmark Price of $942,300. The average selling price for the month was $1,006,735, with total sales reaching 3,697. The MLS® HPI Composite benchmark was down by 6.3 per cent year-over-year in December 2025. New listings entered into the MLS® System amounted to 5,299, which was up by 1.8 per cent year-over-year. On a seasonally adjusted basis, December home sales were down slightly month-over-month compared to November 2025, while new listings were up. The MLS® HPI composite trended slightly lower compared to November while the average selling price edged higher.

For the calendar year 2025, GTA REALTORS® reported 62,433 home sales through TRREB’s MLS® System, down by 11.2 per cent compared to 2024. New listings amounted to 186,753, up by 10.1 per cent year-over-year. The annual average selling price in 2025 was $1,067,968, down by 4.7 per cent compared to $1,120,241 in 2024. TRREB President Daniel Steinfeld stated, “The GTA housing market became more affordable in 2025 as selling prices and mortgage rates trended lower. Improved affordability has set the market up for recovery. Once households are convinced that the economy and labour market are on a solid footing, sales will increase as pent-up demand is satisfied.” TRREB Chief Information Officer Jason Mercer added, “Reaffirmed trade relationships and large-scale domestic economic development projects will be key for improved home sales moving forward. GTA households must be confident in their employment situation before committing to long-term monthly mortgage payments, even in this more affordable market.” TRREB CEO John DiMichele said, “We urge governments at all levels to take action now to provide tax relief for consumers and help ease the rising cost of living. Families and individuals need financial breathing room so they can afford a home or apartment and meet their basic needs. Fair and responsible tax policies can put more money back into people’s pockets, restore consumer confidence, and rebuild trust in the economy. These actions are essential to support stable households and create an economy that works for everyone.”

Property Type Analysis

In December 2025, the Composite Benchmark Price for detached homes was $1,150,200. For attached/townhouse properties, the Composite Benchmark Price was $688,900. The Composite Benchmark Price for apartment properties was $553,500.