December 2025 Toronto & GTA Real Estate Market Update

Dated: January 14 2026

Views: 1182

TRREB Market Watch • December 2025

Prices eased modestly year-over-year as listings increased and buyer leverage improved. Below are the key numbers, what they mean for buyers and sellers, and the most common questions people are asking heading into 2026.

📍 Toronto + GTA 📅 December 2025 🏷️ Market Update 👤 By Gagan Gill (Royal Canadian Realty)

At-a-Glance Highlights

Average Selling Price

$1,006,735

↓ 5.1% YoY vs. $1,060,496 (Dec 2024)
Home Sales

3,697

↓ 8.9% YoY vs. 4,056 (Dec 2024)
New Listings

5,299

↑ 1.8% YoY vs. 5,205 (Dec 2024)
SNLR

70%

Down from 78% (Dec 2024)

What the 70% SNLR suggests

A 70% Sales-to-New-Listings Ratio indicates a more balanced market than last year, with buyers benefiting from more selection and less urgency than December 2024.

Average Price by Property Type

Here’s how average pricing broke down across major housing types in December 2025.

Property TypeAverage Price (Dec 2025)
Detached$1,302,980
Semi-Detached$957,357
Townhouse$862,024
Condo Apartment$628,029

Market Insight

[Inference] Price softness often shows up first in higher price points where affordability is most stretched. Townhouses and condos can remain steadier because they sit closer to the entry-level affordability band.

Sales by Property Type

Total home sales in December 2025: 3,697

Property TypeSales (Dec 2025)
Detached1,690
Semi-Detached323
Townhouse613
Condo Apartment1,029

What this can mean

[Inference] Lower sales volumes in December tend to reflect seasonal behaviour and cautious decision-making, not necessarily a lack of demand. Buyers remain active but more selective on price and condition.

What This Means for Buyers

  • More choice: New listings increased to 5,299 (↑ 1.8% YoY).
  • Less urgency: The SNLR dropped to 70% from 78% last year.
  • Negotiation window: Buyers may have more room on price, conditions, and closing terms.
  • Segment focus: Condos and townhomes often offer more selection and value discovery.

Buyer Strategy (practical)

[Inference] The best leverage usually comes from being fully prepared: clear criteria, financing clarity, and fast decision-making when the right property shows up.

What This Means for Sellers

  • Pricing matters more: Buyers are less willing to “overpay” without strong justification.
  • Presentation is leverage: Staging, prep, and clean marketing can reduce time on market.
  • Competing listings: Slightly higher supply means your listing needs to stand out.

Seller Reality Check

[Inference] Homes that are priced to today’s comparables (not last year’s peak expectations) tend to perform better, especially in higher price brackets.

Outlook Heading Into 2026

December 2025 points to a market that is normalizing: buyers have more time, sellers need sharper strategy, and results vary more by neighbourhood, condition, and price range.

  • Balanced conditions: The market is less heated than last year, but not in distress.
  • Micro-markets: Performance differs meaningfully by area and property type.
  • Expectations: Data-driven pricing and preparation are key for strong outcomes.

Important note

[Inference] Early 2026 momentum will depend heavily on affordability, consumer confidence, and how quickly sellers adjust to current demand.

SNLR Calculation

Sales-to-New-Listings Ratio (SNLR)

MonthFormulaResult
Dec 2025(3,697 ÷ 5,299) × 10070%
Dec 2024(4,056 ÷ 5,205) × 10078%

Why SNLR matters

It helps explain whether the market is leaning toward sellers or buyers by comparing demand (sales) against supply (new listings).

Frequently Asked Questions (FAQ)

These are common December 2025 Toronto & GTA market questions buyers and sellers are asking right now.

What was the average selling price in December 2025?

The average selling price was $1,006,735, which was 5.1% lower than December 2024 (December 2024 average: $1,060,496).

How many homes sold in December 2025?

There were 3,697 home sales in December 2025, which was 8.9% fewer than December 2024 (December 2024 sales: 4,056).

Were there more new listings in December 2025 compared to December 2024?

Yes. New listings rose to 5,299, up 1.8% from December 2024 (December 2024 new listings: 5,205).

What was the Sales-to-New-Listings Ratio (SNLR) in December 2025?

The SNLR was 70%, calculated as (3,697 ÷ 5,299) × 100. This was down from 78% in December 2024.

Which property type had the highest average price in December 2025?

Detached homes had the highest average price at $1,302,980. For comparison: semi-detached $957,357, townhouses $862,024, and condo apartments $628,029.

Is the December 2025 market better for buyers or sellers?

Based on an SNLR of 70% and slightly higher listing supply, conditions leaned more balanced than December 2024. Buyers generally had more selection and negotiating room than last year.

How should buyers approach the market right now?

[Inference] Focus on clarity and preparation: understand your budget, narrow your must-haves, and be ready to act when the right property appears. With more choice available, you can be selective—but strong listings still move.

How should sellers position a home in a more balanced market?

[Inference] Pricing accurately to current comparables and presenting the home well (cleaning, staging, strong photos) often creates better outcomes than “testing” an inflated price and chasing the market downward.

Thinking of Buying or Selling in 2026?

The GTA market is behaving differently by neighbourhood and property type. If you want a numbers-driven plan based on your timeline, budget, and target area, reach out and I’ll help you map out the smartest next step.

Book a Consultation Get a Home Value Estimate Browse Listings
🏡 Gagan Gill – Realtor | Royal Canadian Realty
📞 647-527-9635
💻 gagangillrealestate.com
Instagram: @Gagan.RCR
Disclaimer: This content is for informational purposes only and should not be taken as financial, legal, or tax advice. Market conditions can vary by neighbourhood and property type.
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Gagan Gill

I’m Gagan Gill, a Realtor® with Royal Canadian Realty, helping first-time home buyers, move-up families, and sellers make confident real estate decisions across the Greater Toronto Area&mdas....

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