TRREB predicts Toronto homebuyers will catch a break in 2025

TRREB forecasts a buyer-friendly housing market in the Greater Toronto Area (GTA) for 2025, despite challenges of affordability, housing supply, and traffic congestion. As immigration drives demand, infrastructure improvements are necessary. The average home price is expected to reach $1.14 million, with a moderate growth of 2.6%. An Ipsos survey indicates 28% of respondents are likely to buy, with first-time buyers making up 42%. However, concerns about the economy and potential U.S. tariffs may impact market activity.