The latest Toronto Regional Real Estate Board’s Market Outlook and Year in Review report indicates that a strong housing supply is expected to keep home price growth in line with inflation. As a result, home prices in the Greater Toronto Area (GTA) are projected to see moderate increases over the year. The average home price is currently $1,040,994, reflecting a 2.4% decrease from December. This price is now approximately $5,000 below its February 2021 level, a time when values were still rising toward the market peak of $1,334,544 in February 2022.
For more details on the January 2025 monthly figures and the latest Royal LePage Market Update Report, please visit this month’s edition of our
Real Estate Facts & Figures.