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GTA REALTORS Release May Stats
GTA REALTORS Release May Stats TORONTO, ONTARIO, June 4, 2025 – The Greater Toronto Area (GTA) housing market experienced an improvement in affordability in May 2025 relative to the same period a year earlier. With sales down and listings up, homebuyers took advantage of increased inventory and negotiating power.
“Looking at the GTA as a whole, homebuyers have certainly benefited from greater choice and improved affordability
this year. However, each neighbourhood and market segment have their own nuances. Buyers considering a home
purchase should connect with a REALTOR® who is knowledgeable about their preferred area and property type.
In
today’s market, working with a REALTOR® who brings expertise, the right tools, and a strong network is essential,” said
Toronto Regional Real Estate Board President Elechia Barry-Sproule.
GTA REALTORS® reported 6,244 home sales through TRREB’s MLS® System in May 2025 – down by 13.3 per cent
compared to May 2024.
New listings entered into the MLS® System amounted to 21,819 – up by 14 per cent year-overyear.
On a seasonally adjusted basis, May home sales were up month-over-month compared to April 2025. This was the
second monthly increase in a row. New listings were also up compared to April, but by a lesser monthly rate than sales,
suggesting a slight tightening in market conditions.
Home ownership costs are more affordable this year compared to last. Average selling prices are lower, and so too are
borrowing costs. All else being equal, sales should be up relative to 2024. The issue is a lack of economic confidence.
Once households are convinced that trade stability with the United States will be established and/or real options to
mitigate our reliance on the United States exist, home sales will pick up.
Further cuts in borrowing costs would also be
welcome news to homebuyers,” said Jason Mercer, TRREB’s Chief Information Officer.
The MLS® Home Price Index Composite benchmark was down by 4.5 per cent year-over-year in May 2025. The
average selling price, at $1,120,879, was down by four per cent compared to May 2024. On a month-over-month
seasonally adjusted basis, the MLS® HPI Composite and average selling price both edged up compared to April 2025.
“With the federal government’s housing commitments reiterated in the Throne Speech, we now need concrete actions
that will restore housing affordability across the GTA and the rest of Canada.
This includes lowering high housing taxes
and fees, embracing innovative construction technologies, and streamlining processes to reignite the construction of
homes. Home construction is associated with huge economic benefits that would help mitigate the negative impact of
ongoing trade disputes.
Additionally, with inflation remaining low, a rate cut would be a welcome move—particularly for
first-time buyers and those renewing their mortgages”, said TRREB CEO John DiMichele. Read the full report ⟶
Please note: The PropTx MLS® System, of which TRREB is a part, has added a number of new client boards over the last year. Many of these boards’ Members trade within the Greater Toronto Area and broader Greater Golden Horseshoe regions. As a result, historic data have been updated to reflect the addition of these boards’ listings and transactions. This means historic data have changed relative to previously published static reports. To view updated historic data, click here. Historic MLS® Home Price Index (HPI) data can be viewed here.
Source: Toronto Regional Real Estate Board; CREA Seasonal Adjustment
1 Preliminary seasonal adjustment undertaken by the Canadian Real Estate Association (CREA). Removing normal seasonal variations allows for more meaningful analysis of monthly changes and underlying trends.
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