The Toronto Regional Real Estate Board’s Market Outlook and Year in Review report forecasts a buyer-friendly 2025, with a well-supplied market expected to keep annual home price growth below the rate of inflation. The average selling price for all home types is projected to reach $1,147,000 this year—a moderate 2.6% increase over 2024—with more noticeable gains anticipated in the single-family home segments. TRREB also expects home sales to rise by 12.4% to 76,000 transactions, supported by lower borrowing costs, although potential impacts from US tariffs on Canadian exports could slightly temper transaction levels.

Ipsos consumer polling included in the report indicates steady buyer sentiment, with 28% of respondents “likely” and 9% “very likely” to purchase a home in 2025. First-time buyers account for 42% of those intending to buy, particularly in the condominium segment, which is projected to see flat or declining prices. The polling also reveals that about two-thirds of renters might consider buying a home if further rent increases occur, while seller sentiment remains consistent with 2024, with 37% “likely” and 14% “very likely” to sell in the coming year.

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