What Buyers and Sellers Need to Know Right Now

The latest market data from the Toronto Regional Real Estate Board (TRREB) is in — and it signals a shift that both buyers and sellers in the GTA should pay close attention to.

💰 Average Selling Price: $1,120,879

The average home price across the GTA dipped to $1,120,879 in May 2025 — a 4% decrease from May 2024, when prices averaged $1,167,646.

This marks a moderate correction from last year’s peak, offering a potential opening for cautious buyers waiting on the sidelines.

Breakdown by property type:

• Detached: $1,425,264

• Semi-Detached: $1,098,447

• Townhouse: $904,272

• Condo: $683,413

🏠 Home Sales: Down 13.3% YoY

Home sales totaled 6,244 transactions in May, down 13.3% from the 7,206 sales recorded in May 2024.

While buyer interest is still active, many are approaching the market more carefully due to ongoing economic conditions and interest rate stability.

Sales by property type:

• Detached: 2,998

• Semi-detached: 617

• Townhouses: 1,071

• Condos: 1,482

📝 New Listings Surge: Up 14%

A total of 21,819 new listings came to market in May 2025 — a 14% increase over the same time last year.

This bump in inventory has created more choices for buyers and contributed to a cooling in price pressure, especially in condo and townhouse segments.

📉 Sales-to-New-Listings Ratio: Buyer’s Market Signal

The sales-to-new-listings ratio dropped to 29% this month, compared to 38% in May 2024.

📌 What does that mean?
A lower ratio signals a shift toward a buyer’s market, where supply is outpacing demand — giving buyers more negotiating power and sellers reason to sharpen their pricing strategy.

🧠 What This Means for Buyers

This is a rare opportunity to shop with less competition. With more listings available and a cooler pricing trend, buyers have the chance to be selective, negotiate, and find value — especially in the condo and townhouse segments.

💼 What This Means for Sellers

While the market is still active, pricing competitively is key. Homes that are well-priced and well-presented continue to move — but overpricing in today’s market can lead to longer days on market and price reductions.

📍 Final Thoughts

The May 2025 market is telling a story of greater balance. With rising listings, stable borrowing costs, and a slight softening in average prices, we’re entering a phase where both buyers and sellers need to be strategic.

Whether you’re considering buying, selling, or just watching the market — this is a key moment to stay informed.

If you’d like a hyper-local breakdown for areas like Oakville, Mississauga, or Burlington, I’d be happy to walk you through it.

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Written by Hassan Bukhari | Oakville & GTA Real Estate
Smart advice. Local insight. Luxury without the guesswork.
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