In January 2025, the average home price in Toronto rose by 0.5% year-over-year to $1,070,100, while single-family homes increased by 1.3% to $1,294,000. However, condo prices fell by 3.4% to $642,300. The rental market also saw an 8.0% decrease in average rent to $2,615. Despite a 7.9% decline in home sales, a surge in new listings and expected interest rate cuts may boost buyer activity later in the year. The market is anticipated to stabilize with modest price growth and increased transactions as affordability improves.
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