In December 2025, residential home sales across the Greater Toronto Area totaled 3,697, marking an 8.9% decline compared to December 2024. The average selling price decreased by approximately 5.1% year-over-year to $1,006,735, while new listings rose modestly by 1.8% to 5,299 properties. Days on market increased from 55 to 65, indicating slower absorption and a shift toward buyer-friendly conditions.
The combination of declining sales, falling average prices, and rising days on market suggests a cooling residential market heading into 2026. The condominium segment saw a slight uptick in sales (4,375 vs 4,269) but experienced a sharper average price decline of 6.4%, while the rental market saw significant growth in activity with rentals up 20.2% year-over-year despite average 1BR rents dropping 5.8%.