GTA Housing Market Reports and Forecasts

December 2024 was quieter than the rest of the year, but less quiet than expected. Toronto sales for 2024 came in at 67,610 homes against 65,877 in 2023, while the average price slipped about 1% to $1,117,000, pulled down by condos. Here is the full picture, including Aurora and Richmond Hill.

The January 2025 numbers for the Greater Toronto Area show listings coming back fast and activity well above the end of 2024, with very little effect on sale prices. Here is what sold, in which price bands, and why pre-construction is the real crisis.

Three March 2025 stories that were not housing headlines but moved the Toronto housing market: 357,000 unemployed in the city, new power for border officers to cancel temporary visas, and investment leaving for the United States before any tariff landed.

February 2025 was a soft month in Toronto. Sales in February 2025 fell about 27% year over year, the average selling price came in 2.2% below the February 2024 average of $1,084,547, and active inventory jumped 76%. Here is what sat behind those numbers.

In April 2025 the Greater Toronto Area recorded 5,601 home sales, 23.3% fewer than a year earlier, while listings climbed and the average price slipped to just over $1.1 million. A Toronto broker reads the month.

July 2025 gave the GTA its strongest sales month since 2021: about 6,100 deals, 10.9% above July 2024, with the average price down near $1,051,000. Here is what those numbers meant for buyers and for sellers at the time.

September 2025 brought more sales to the City of Toronto and slightly lower prices. Here is what the numbers said by home type, what the benchmark showed, and what it meant for buyers, sellers and condo investors.

The average GTA home sold for $1,006,409 in September 2026, 5% below last year. New listings jumped 36.65% from August. Sales barely moved. Here's what I'd tell you if you're buying or selling in Toronto, Vaughan, Markham, Richmond Hill, Aurora or Newmarket.

In November 2025 GTA sales were about 15.8% below a year earlier and the average price was $1,039,000. A Toronto broker goes through what the numbers actually say.

February 2026 in the GTA: 3,868 sales, new listings down 17.7%, and average prices about 7.1% below a year earlier. What that mix meant for buyers.

Sales in the GTA rose for the first time since September while prices kept falling. A Toronto broker's read on the March 2026 TRREB numbers, the city's own data, and where the deals still are.

In April 2026 the Greater Toronto Area recorded 5,946 sales, about 7% above April 2025, while new listings fell about 9.3% and the average price stayed roughly 4.9% below a year earlier.

GTA sales were nearly flat in July 2026 while new listings dropped close to 18%. Moe Asgarian explains why that gap matters more than the price headlines.

New listings are down and some buyers are back. A look at what the Toronto and GTA market actually looks like heading into fall 2026, and what pricing decides.

The GTA average price slipped to $993,410 in August 2026, down 2.73% from last year. That's the part everyone quotes. The part they skip: new listings fell almost 14%, which leaves this market tighter than the price headline lets on. Below, the same month broken down in Toronto, Vaughan, Markham, Richmond Hill, Aurora and Newmarket.

August 2025 was the second weakest August in 12 years for GTA housing. The benchmark price has fallen more than $400,000 from its peak, yet sales rose again. Here are the numbers.

GTA sales cooled for a third straight month in April 2024, yet the average price climbed to $1,120,000. Here is what the latest numbers mean for buyers and sellers.

The Bank of Canada finally cut rates, and June 2024 is the first month we can measure the effect. Here are the Toronto and Canada numbers, and what they really tell us.

Toronto's May 2025 market kept the same trend going: fewer sales, more listings, and real leverage for buyers. Here is what the numbers say and what to do with them.

November 2024 brought a fourth straight month of rising Toronto sales, hot freehold demand, softer condos, and new mortgage rules landing in December.

The GTA market is finding its feet. Here is what June's sales, prices, and record listings really tell buyers and sellers.

The average GTA home sold for $1,003,956 in July 2026. That's down 4.53% from a year ago, and here's the odd part: new listings fell almost 18% while sales barely budged. I'll break down what that tug-of-war means for buyers and sellers, city by city.

The average GTA home price slipped 3.91% year-over-year in June 2026, down to $1,058,658. And yet sales rose 8.44% while new listings dropped hard. Here's what that rebalancing means for buyers and sellers, market by market.

Average GTA condo rent dropped for the first time in years, but a coming supply squeeze could send it climbing again. Here is the full picture.

Three reports shaped the Toronto housing picture as of June 2025: a labour market pulling away from the United States, RBC's warning on prices, and GDP per capita falling in 2024.

Three reports were shaping Canadian housing as of August 2025: construction costs rising faster than inflation, a serious recession warning from the CFIB, and a federal finding that immigration explained only about 11% of price and rent growth from 2006 to 2021.

Ontario's regulator went to court over about $10.5 million found missing from iPro Realty's trust accounts in May 2025, while the Ontario government and the big banks ended work from home. What both mean for Toronto real estate.

Business optimism without growth, first-time buyers held back by income, and Bank of Canada research on why a rate cut can make affordability worse.

Canada's unemployment rate fell to 6.5% in November 2025 and a RE/MAX report found one in ten Canadians planning to buy. What both mean for Toronto buyers.

Ottawa may change the foreign buyer ban in 2027, RBC reports a seventh straight quarter of better affordability, and national rents keep falling.

The typical Canadian home got more expensive in February 2026 for the first time in eight months, in the same weeks the population fell on record and full time jobs disappeared. A Toronto broker reads the three together.

Three May 2026 stories in one place: Real Brokerage buying RE/MAX Holdings, CREA forecasting a flat market for two more years, and BMO's widening east west jobs gap.

Three fresh reports on Canada's economy point in the same direction: gold is booming, home prices should ease next year, and the real economic story runs deeper than immigration.

Three housing stories from early August 2024: how much tax Canadian families really pay, why most GTA condo investors are losing money, and what it all means for buyers.

Three stories are shaping Toronto real estate right now: cooling inflation with a stubborn core number, a density deal near 120 transit stations, and a 30 million dollar funding fight with Ottawa.

Rents across Canada fell to an 18-month low, more people are leaving the country than in decades, and household wealth hit a record 17.5 trillion dollars. Here is what each story means for you.

A quick read on three Canadian housing stories: the 2025 mortgage renewal wave, a national slowdown led by Toronto, and a luxury condo market that keeps climbing.

A possible trade war, a record wave of people leaving Canada, and a surprising look at who actually holds mortgages. Three stories that could shape the market this year.

Written in late June 2025, during the attacks on Iran. The practical things that help: regular contact with family, consular and travel information, kindness, accurate information, money access, and support for anyone who has to buy or sell a home right now.

A September 2025 report from Oxford Economics has Canada entering a cycle with no crash and no boom, and real prices roughly flat through 2030. Here is what that forecast means for owners, buyers and investors in Toronto.

Comparing Toronto housing in 1993 with November 2025 shows a 417% rise in the average home price, far ahead of inflation and far ahead of household income. Zoning, land costs, construction costs, bigger houses and population growth explain most of the gap.

Writing in December 2025, the most likely 2026 for Toronto and GTA housing is a balanced year: more sales than 2025, prices moving about 3% either way, and four things to watch.

A line by line grade of the 2025 Toronto housing predictions: right on rate cuts, immigration, condos and rents, wrong on prices and sales volume.

TD's April 2026 mortgage report says the renewal shock did not arrive. A Toronto broker's read on why payments held up, what changes in the second half of 2026, and the problem the report admits is still unsolved.

Everyone wants to know when Canadian home prices start rising again. As of June 2026, six things have to change first, and lower interest rates are only one of them.

Expensive homes are drawing more attention than entry-level ones, buyers hold the leverage, condo projects are stuck, builders are pivoting to rental, and prices are flat. A Toronto broker's read on five changes reshaping the GTA market in September 2026.

Ten rate hikes in eighteen months, sales at a multi decade low, and the GTA average still above $1 million in August 2026. Here are the five reasons Toronto prices refused to fall.

Toronto is a host city for the 2026 World Cup. Here is how hosting the world's biggest sporting event could move rents, prices, and the city itself, for better and worse.

Nobody can predict the future, but we can weigh the likely scenarios. Here is why I am cautiously optimistic about Toronto's 2024 market, from rate cuts to the RE/MAX forecast.

Toronto's first-quarter 2026 numbers are in. Sales and prices slipped year over year, but new listings dropped too, and buyers are landing real deals. Here is how to read the spring market.

Will 2025 finally bring more freehold homes to the GTA? Moe Asgarian says no, and lays out five predictions on starter-home prices, demand, and supply.

By the numbers, 2024 was a hard year for Toronto real estate. Here is what happened across pre-construction, resale, and rentals, and the four policy shifts shaping 2025.

A four-year look at Toronto and GTA home prices using the benchmark index, from early 2021 to the end of 2024, across detached, townhouse and condo.

I made three predictions for Toronto real estate in 2024. Here is what came true, where I was wrong on rents, and my honest call for 2025.

RE/MAX and Royal LePage both see growth for Toronto in 2025. Here are their forecasts, plus my own read on freehold homes and the condo market.

The first half of 2024 in one line: a resilient freehold market on one side, rising condo inventory and softer condo prices on the other. Here is my read and what comes next.

Falling rates are reshaping Toronto real estate. Moe Asgarian forecasts the summer 2024 market for condos and freehold, from oversupply to the best time to buy.

The Bank of Canada cut rates. Here is what that signal means for Toronto buyers, sellers, and the widening gap between condos and freehold homes.

Where will a Toronto home price land in 2032? I walk through three scenarios, from another doubling to a 1989-style crash, and the realistic middle path.