On this page, you can find VIP Condos Toronto's summary of the Toronto Regional Real Estate Board (TRREB)'s February 2025 real estate market watch, with info on prices & trends in the region's housing market. VIP's report will provide information such as an overall real estate market outlook, updates & news from February 2025 - as well as specific info on both condo and home prices in the GTA.

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Real Estate Market Watch: Residential Transactions

• 4,037 residential home transactions took place in February 2025, down from 5,562 in February 2024 - a decrease of 27.4%.
• When seasonal adjustments (the ways that the time of year affects market trends) are taken into account, there was a 28.5% decrease in the number of purchases from January 2025 (6,052) to February 2025 (4,326). 

 

February 2025 Real Estate News: Average Selling Prices

• The average sale price for February 2025 was $1,084,994. This is a decrease of 2.2% from February 2024, when it was $1,109,450.
• The average price for homes in the Greater Toronto Area saw a 1.8% decrease from January 2025 to February 2025 (from $1,091,645 to $1,072,123).

 

 Monthly Market Update: New Listings

• There were 12,066 listings available for February 2025, which is a 5.4% increase from February 2024 (when there were 11,443).
• The sales-to-listings ratio has decreased by 16% from February 2024, from 49% to 33%.

 

Real Estate Market Watch for February 2025: Days On The Market

• The average property spent 43 days on the market, compared to 37 last year - an increase of 16.2%.
• Listings spent an average of 28 days on the market, which is a 12% increase from this month last year (when they spent 25.

 

Click Here To Read TRREB's February 2025 Real Estate Market Watch Report for Both Homes and Condos

  In order for you to use these monthly market updates to your advantage, our informative guide for buying pre-construction properties can be found under the Resources tab in the top right corner of this page. It will answer common questions such as:

• How do I get my down payment?
• Can I use my RRSP for my down payment?
• How can I make the profits from my pre-construction purchases tax-free?
• What type of home or mortgage can I afford?
• Which incentives are available for first-time buyers?
• What is a PDI?
• What are the pros & cons of buying or selling an assignment before closing?

 We at VIP Condos are pleased to offer further information regarding outlooks & prices in the GTA's home & condo markets - both for February 2025 and beyond. Check out our full series of real estate market watch reports.