Market report · January 2025
Toronto housing market: January 2025
The average sale price in the Greater Toronto Area in January 2025 was $1,040,994, up 1.4% year over year. 3,847 homes sold against 12,392 new listings — 3.5 months of supply, a balanced market.
What happened in January 2025
Toronto recorded 3,847 sales in January 2025, 8.9% fewer than the same month a year earlier. Sellers brought 12,392 new listings to market, leaving 17,157 properties in inventory — 70.0% more than a year ago. At the month's pace of sales that is 3.5 months of supply, which puts Toronto in a balanced market. 40% of the month's new listings sold.
The average sale price across all property types was $1,040,994, up 1.4% year over year and down 2.5% on the month. By property type, row / townhouse homes were the strongest year over year at +2.1%, and apartment the weakest at -1.7%.
This is the average sale price across the whole TRREB footprint, which runs from downtown Toronto condos to Halton and Durham freeholds. It moves with the mix of what sold as much as with prices themselves, so read it next to the by-property-type figures and the median rather than on its own.
The two years to January 2025
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory | Months of supply |
|---|---|---|---|---|---|---|
| Detached | $1,377,430 | +2.0% | 1,580 | 5,000 | 6,832 | 4.3 |
| Semi-detached | $1,047,728 | +0.9% | 349 | 733 | 798 | 2.3 |
| Row / townhouse | $983,856 | +2.1% | 409 | 1,055 | 1,180 | 2.9 |
| Apartment | $670,675 | -1.7% | 1,161 | 4,589 | 6,913 | 6.0 |
| All types | $1,040,994 | +1.4% | 3,847 | 12,392 | 17,157 | 3.5 |
Source: the Toronto Regional Real Estate Board, Toronto, January 2025.
What this means for your mortgage
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