The Greater Toronto Area (GTA) real estate market continued its seasonal trends in February 2025, with declining sales, increased listings, and a moderate price adjustment. Let’s dive into the latest market data and compare it to both February 2024 and January 2025.

Key Market Stats for February 2025

• Average Selling Price: $1,084,547

  • 2.2% decrease from February 2024 ($1,109,450).
  • 4.2% increase from January 2025 ($1,040,994), showing early signs of market stabilization.

• Home Sales: 4,037 units sold

  • 27.4% decrease from February 2024 (5,562 units sold).
  • 4.9% increase from January 2025 (3,847 units sold), reflecting more market activity as spring approaches.

• New Listings: 12,066

  • 5.4% increase from February 2024 (11,443 new listings).
  • 1.2% decrease from January 2025 (12,392 new listings), keeping inventory relatively stable.

• Sales-to-New-Listings Ratio: 33%

  • Down from 49% in February 2024, indicating that homes are staying on the market longer with more available inventory.
  • Slightly up from 31% in January 2025, showing early signs of market rebalancing.

Average Prices by Property Type (February 2025)

Trends and Insights

1. Seasonal Rebound in Prices:

   • 4.2% month-over-month price increase, suggesting early signs of a spring market shift.
   • Detached homes saw the highest increase at +5.0%, likely driven by buyer preference for more space.

2. Sales Activity Still Sluggish Year-Over-Year:

   • 27.4% fewer sales than February 2024, indicating lower buyer urgency and cautious market conditions.
   • A modest 4.9% increase in sales from January 2025, which is typical as the market picks up post-holiday season.

3. Inventory Remains High, Giving Buyers More Power:

   • 5.4% more listings than last year means buyers have more options and less competition.
   • Sales-to-new-listings ratio dropped from 49% in February 2024 to 33% in February 2025, showing an increasingly buyer-friendly market.

4. Condo Market Showing Strength:

   • Condos saw a 2.6% price increase from January to February, suggesting continued demand for more affordable housing options.

Comparison to January 2025

• Home sales increased 4.9% from last month, showing seasonal growth.
• New listings remained stable, down only 1.2% from January.
• Detached homes saw the highest price jump (+5.0%), signaling renewed demand.
• Overall, the market is shifting toward stability, but buyers still have the upper hand with rising inventory.

Market Outlook for Spring 2025

With increasing prices and stable inventory, February 2025 suggests the beginning of the typical spring market rebound. However, buyer activity remains lower year-over-year, making this a great time for buyers to take advantage of less competition.

Sellers should be mindful of pricing strategy, as the growing number of listings means homes must be well-positioned to attract offers.

For a full breakdown of these stats and their impact on your real estate plans, visit our market update page.

Gagan Gill

Realtor
📞 647-527-9635
💻 Gagangillrealestate.com
Royal Canadian Realty