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Toronto Real Estate Board February MLS sale statistics:
- GTA single family home sales including condominiums 4037.
- Volume - down 27.4%, compared to February 2024 - 5562 sales.
- Volume - up 4.9% compared to January 2025 - 3847 sales.
- Average price of a GTA single family home - $1,063,490.
- Down 0.05% from 2024's average price of - $1,117,274.
(The GTA is Burlington to Clarington, Lake Ontario to Lake Scugog)
“On top of lingering affordability concerns, home buyers have arguably become less confident in the economy. Uncertainty about our trade relationship with the United States has likely prompted some households to take a wait and see attitude towards buying a home. If trade uncertainty is alleviated and borrowing costs continue to trend lower, we could see much stronger home sales activity in the second half of this year," said TRREB Chief Market Analyst Jason Mercer.
We track MLS sales daily.
- November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
- February 2025 15-40% of central district properties sold for over asking price daily. (Based on district.)
(Central districts cover the Lake to York Mills, and the Humber River to Victoria Park.)
The February residential resale market was slow, and mixed.
- Some properties remain unsold after months or even two years.
- Some under priced or reasonably priced homes sold in "bidding wars".
- Total condo inventory reached 7638 marking a 47% yearly increase.
- Sales are down 42% compared to the 10 year average.
January Average Prices:
| Detached 416 : $1,782,262 |
Detached 905: $1,339,120 |
| Semi-detached 416 : $1,275,214 |
Semi-Detachec 905: $945,841 |
| Townhouse 416 : $1,028,339 |
Townhouse 905: $881,482 |
| Condo 416: $724,632 |
Condo 905: $611,198 |
|
|
|
|
|
1987
|
$189,105
|
2006
|
$351,941
|
|
1988
|
$229,635
|
2007
|
$376,236
|
|
1989
|
$273,688
|
2008
|
$379,347
|
|
1990
|
$255,020
|
2009
|
$395,460
|
|
1991
|
$234,313
|
2010
|
$431,276
|
|
1992
|
$214,971
|
2011
|
$465,014
|
|
1993
|
$206,490
|
2012
|
$497,130
|
|
1994
|
$208,921
|
2013
|
$522,958
|
|
1995
|
$203,028
|
2014
|
$566,624
|
|
1996
|
$198,150
|
2015
|
$622,120
|
|
1997
|
$211,307
|
2016
|
$729,837
|
|
1998
|
$216,815
|
2017
|
$822,572
|
|
1999
|
$228,372
|
2018
|
$787,865
|
|
2000
|
$243,255
|
2019
|
$819,279
|
|
2001
|
$251,508
|
2020
|
$929,636
|
|
2002
|
$275,231
|
2021
|
$1,095,475
|
|
2003
|
$293,067
|
2022
|
$1,190,749
|
|
2004
|
$315,231
|
2023
|
$1,126,263
|
|
2005
|
$335,907
|
2024
|
$1,117,274
|
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