Real Estate Market December 2025

06 Jan Real Estate Market December 2025

Your December 2025 real estate market update is here! Covering Toronto, Oakville, Burlington, Hamilton and the surrounding areas.

Highlights of the real estate market from TREBB and RAHB

“Annual Greater Toronto Area (GTA) home sales declined in 2025 compared to 2024, as economic uncertainty weighed on consumer confidence. Over the same period, listing inventory remained elevated, allowing for selling prices to be negotiated downward, helping improve affordability.

“The GTA housing market became more affordable in 2025 as selling prices and mortgage rates trended lower. Improved affordability has set the market up for recovery. Once households are convinced that the economy and labour market are on a solid footing, sales will increase as pent-up demand is satisfied,” said Toronto Regional Real Estate Board (TRREB) President Daniel Steinfeld.

For calendar year 2025, GTA REALTORS® reported 62,433 home sales through TRREB’s MLS® System – down by 11.2% compared to 2024. New listings amounted to 186,753 – up by 10.1% year-over-year. The annual average selling price in 2025 was $1,067,968 – down by 4.7% compared to $1,120,241 in 2024.

There were 3,697 home sales reported in December 2025 – down by 8.9% compared to December 2024. New listings entered into the MLS® System amounted to 5,299 – up by 1.8% year-over-year.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 6.3% year-over-year in December 2025. The average selling price, at $1,006,735, was down by 5.1% compared to December 2024. On a seasonally adjusted basis, December home sales were down slightly month-over-month compared to November 2025, while new listings were up. The MLS® HPI composite trended slightly lower compared to November while the average selling price edged higher.”

Over in Hamilton/Burlington – “In December, home sales reported through the MLS® System of the Cornerstone Association of REALTORS® (Cornerstone) slowed across Hamilton, Burlington, Haldimand County, and Niagara North. This led to a 12% drop for the year. There were 8,996 sales in total across the region, making it the slowest year since 2010 and more than 30% below long-term averages.

“At the end of 2025, fewer new listings came online, and with more homes staying on the market because of slower sales, buyers had more options,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton/Burlington market area. “2025 was a year marked by global uncertainty, which affected the Canadian economy and our local real estate market, with fewer buyers entering the market due to concerns about job security and higher interest rates.”

“With 2025 behind us, we are hopeful for more balanced market conditions to emerge in 2026 with lower interest rates than at the start of last year and new government incentives available. Both the provincial and federal governments have announced they will remove HST on new homes up to $1 million for first-time buyers. While this should make homes more affordable and help the economy by supporting the labour market, we are calling on both levels of government to expand this initiative to all home buyers for a much greater impact,” says von Bredow.

Market conditions in 2025 weighed on home prices, which reported an annual decline of 5%. Prices declined across all property types, with slightly larger declines occurring for row and apartment-style homes. Benchmark prices also declined across all areas within the region, with the largest declines occurring in Burlington at over 6%, and the smallest declines occurring in Haldimand County at under 4%.

Questions about buying or selling? Reach out anytime, I’d be happy to discuss the market with you!

All the latest home prices and statistics by property type and city below!

Sources for Real Estate Market Update for December 2025 : Toronto Regional Real Estate Board and Cornerstone Association of REALTORS®