January 2025– GTA Housing Market News
Here is our quick market update for the Toronto Real Estate Board and Milton area.
The Toronto Regional Real Estate Board (TRREB) has released its Market Outlook and Year in Review report, forecasting a well-supplied housing market that will keep annual price growth aligned with inflation. The GTA’s average selling price is expected to rise moderately throughout the year.
Market Forecast for 2025:
📈 Home Sales Growth: TRREB projects 76,000 home sales in 2025, a 12.4% increase over 2024. Lower borrowing costs and improved affordability will encourage more buyers to re-enter the market.
🏡 Average Selling Price: Expected to reach $1,147,000, reflecting a 2.6% increase from 2024. Detached homes will see stronger price growth compared to the well-supplied condo market.
“As borrowing costs decline heading into the spring market, more buyers will take advantage of improved conditions, boosting transactions and prices. However, economic uncertainty from global trade disruptions may temporarily impact consumer confidence,” said TRREB Chief Market Analyst Jason Mercer.
Key Market Insights – January 2025:
✅ Sales Activity: GTA REALTORS® reported 3,847 home sales, down 7.9% year-over-year. However, on a seasonally adjusted basis, sales improved from December 2024.
✅ New Listings: Increased 48.6% year-over-year, totaling 12,392 properties, indicating greater supply in the market.
✅ Home Prices: The MLS® Home Price Index Composite benchmark rose 0.44% year-over-year. The average selling price hit $1,040,994, up 1.5% from January 2024.
Addressing Housing Supply & Affordability
TRREB emphasizes the need for diverse housing options, including missing-middle developments such as townhomes, duplexes, and low-rise multi-unit buildings. Purpose-built rental housing remains a key priority to enhance affordability and accommodate population growth.
“Traffic congestion and housing affordability are interconnected challenges that demand integrated solutions. High development charges, taxes, and bureaucratic delays only slow progress on increasing supply,” said TRREB CEO John DiMichele.
As the market evolves, collaboration between policymakers, developers, and industry leaders will be crucial to meeting the GTA’s growing housing needs.
If you are curious about your home or area specifically, please reach out we’re here to help.
Milton Real Estate Market
The average price in Milton $1,038,619
Burlington Real Estate Market

The average price in Burlington $1,108,409
Oakville Real Estate Market

The average price in Oakville $1,352,531

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