For May 2025, GTA home sales were down 13.3% and prices dipped 4.0% compared to last year. On a month-over-month basis, however, sales rose 11.5% and prices edged up 1.2%.
The market continues to rebound with a surge in new listings and stronger activity across segments. While average prices for each home type held relatively steady from April, increased demand for larger home types helped lift the overall average.
With more inventory and stable prices, buyers may find broader and more affordable opportunities. Interest rates were held steady amid ongoing uncertainty around U.S. trade, but a future cut could boost demand. Sellers should stay sharp on pricing strategy to remain competitive.