The Greater Toronto Area (GTA) real estate market in February 2025 continued to experience shifting dynamics, with home prices stabilizing, sales declining, and an increase in new listings. Buyers and sellers alike are navigating a market influenced by moderating interest rates, economic uncertainties, and evolving consumer confidence.
Home Prices and Sales Activity
The average selling price in February 2025 was $1,084,547, reflecting a 2.2% decrease compared to February 2024 ($1,109,450). While prices have softened slightly year-over-year, they remain relatively stable, supported by strong demand in key housing segments.
Sales, however, saw a significant drop, with 4,037 transactions recorded—a 27.4% decline from February 2024 (5,562 sales). This decline highlights a more cautious approach from buyers, likely due to affordability concerns and uncertainty surrounding interest rate movements.
Increase in New Listings
One of the most notable trends this month is the rise in new listings, which reached 12,066, marking a 5.4% increase compared to February 2024. With more inventory available, buyers have greater options, leading to a more balanced market.
Breakdown by Housing Type
| Property Type | Average Price | Sales Volume |
|---|---|---|
| Detached | $1,445,879 | 1,706 |
| Semi-Detached | $1,079,996 | 356 |
| Townhouse | $911,483 | 700 |
| Condo | $688,055 | 1,225 |
The detached home market in Vaughan, Maple, and Richmond Hill continues to see strong demand, while the Toronto condo market remains well-supplied, giving buyers more options and keeping price growth moderate.
Market Outlook for 2025
Looking ahead, the Toronto Regional Real Estate Board (TRREB) forecasts that home sales will rise by 12.4% in 2025, driven by lower borrowing costs and improved affordability. The average home price in Vaughan, Richmond Hill, and Markham is expected to see modest growth, with the overall GTA average reaching $1,147,000 by year-end—a 2.6% increase over 2024.
Consumer sentiment remains mixed, with 28% of respondents in a recent Ipsos survey indicating they plan to buy a home this year. At the same time, 37% of homeowners are considering selling in 2025, a figure consistent with last year.
What This Means for Buyers and Sellers
- For Buyers: With increased inventory and stabilizing prices, this could be a great opportunity to enter the market before demand picks up in the spring. If you’re looking for a real estate agent in Vaughan who understands the market trends and can guide you to the right investment, I’d be happy to assist.
- For Sellers: While price growth is moderate, strategic pricing and proper marketing will be key to attracting serious buyers in a competitive landscape. As a top Realtor in Vaughan, I ensure that my clients’ properties get maximum exposure online.
As we move deeper into 2025, keeping an eye on interest rate trends, government policies, and economic factors will be essential in making informed real estate decisions.
If you’re considering buying or selling a home in Vaughan, Maple, Richmond Hill, or Markham, feel free to reach out—I’d be happy to help guide you through this evolving market!
