On this page, you can find VIP Condos Toronto's summary of the Toronto Regional Real Estate Board (TRREB)'s March 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 March 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

• 5,011 residential home transactions took place in March 2025, down from 6,519 in March 2024 - a decrease of 23.1%.
• When seasonal adjustments (the ways that the time of year affects market trends) are taken into account, there was a 2.4% decrease in the number of purchases from February 2025 (4,326) to March 2025 (4,221). 

 

March 2025 Real Estate News: Average Selling Prices

• The average sale price for March 2025 was $1,093,254. This is a decrease of 2.5% from March 2024, when it was $1,120,984.
• The average price for homes in the Greater Toronto Area saw a 0.9% increase from February 2025 to March 2025 (from $1,083,123 to $1,093,254).

 

 Monthly Market Update: New Listings

• There were 17,263 listings available for March 2025, which is a 28.6% increase from March 2024 (when there were 13,425).
• The sales-to-listings ratio has decreased by 20% from February 2024, from 49% to 29%.

 

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

• The average property spent 25 days on the market, compared to 29 last year - a decrease of 13.8%.
• Listings spent an average of 24 days on the market, which is a 20% increase from this month last year (when they spent 20).

 

Click Here To Read TRREB's March 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 March 2025 and beyond. Check out our full series of real estate market watch reports.