The Toronto Regional Real Estate Board (TRREB) has released its February 2025 market data, providing valuable insight into sales activity, new listings, price trends, and overall market balance across the Greater Toronto Area (GTA). Below, we break down the key findings, supported by visual charts to give you a clearer picture of how the market is evolving.
📊 Monthly Sales: Stabilization Amid Seasonal Trends
The monthly sales trend for February 2025 aligns with typical seasonal patterns — an uptick from January as buyers and sellers gradually return to the market. Compared to the last three years, sales levels are slightly lower than in 2022, but remain fairly stable compared to 2023 and 2024.
🔹 Key Insight: Sustained buyer activity suggests growing confidence, likely supported by improved mortgage rate stability and steadying home prices.
🏡 New Listings: Inventory Starting to Build
New listings in February 2025 increased following the slower holiday season, but the overall number of new listings remains lower than historical averages. Many potential sellers are still taking a wait-and-see approach, contributing to tight inventory in key segments.
🔹 Key Insight: Lower-than-expected listings could continue to support prices as buyers compete for limited options.
🔄 Balanced Market: Sales-to-New Listings Ratio (SNLR)
The Sales-to-New Listings Ratio (SNLR) for February 2025 signals a balanced market, where neither buyers nor sellers hold a distinct advantage. This balance is healthier than the overheated conditions seen in 2021-2022, but also less sluggish than some slower months in 2023.
🔹 Key Insight: A balanced SNLR often means modest price growth and reduced volatility.
💰 Prices Holding Steady in 2025
The average home price in February 2025 shows minor year-over-year changes, reflecting market normalization. Prices remain above pre-pandemic levels but have settled compared to the dramatic spikes seen in 2021.
🔹 Key Insight: Stability in prices gives both buyers and sellers a more predictable environment for planning moves and investments.
🔍 Key Takeaways for 2025
1. Buyer confidence is growing as rates stabilize, but affordability remains a top concern.
2. Inventory constraints could keep competition tight, particularly in sought-after areas.
3. Balanced conditions make this a favourable market for move-up buyers, who can both sell and purchase without extreme price pressures.
4. Long-term outlook remains positive, as population growth, immigration, and new home construction all factor into future demand.
💡 Final Thoughts
As the spring market approaches, the GTA housing market is showing signs of healthy balance — neither favouring buyers nor sellers, but offering opportunities for both sides. For buyers, this may be an ideal time to shop with less pressure, and for sellers, strategic pricing and strong presentation will be key to standing out.
Stay tuned for further updates as we monitor 2025 market trends!