Residential sales activity in the Greater Toronto Area slowed in the first quarter of 2025 compared to the first quarter of 2024.
Residential property sales numbered 12,899 units in the first quarter of 2025, a decrease of 21.3% compared to the same quarter in 2024.
Sales slowed 23.3% for single detached homes, were down 13.6% for semi-detached units, were down 23.5% for condominium townhouse units, and were down 20% for condominium apartment units compared to a year earlier in the first quarter.
| Summary – Sales by Housing Type | |||
|---|---|---|---|
| Category | Q1-2025 | Q1-2024 | Year-over-year % change |
| Single Detached | 5,423 | 7,071 | -23.3 |
| Semi-Detached | 1,187 | 1,374 | -13.6 |
| Condo Townhouse | 1,004 | 1,312 | -23.5 |
| Condo Apartment | 3,782 | 4,727 | -20.0 |
| Summary – Median Price by Housing Type | |||
|---|---|---|---|
| Category | Q1-2025 | Q1-2024 | Year-over-year % change |
| Single Detached | $1,250,000 | $1,275,000 | -2.0 |
| Semi-Detached | $1,005,000 | $1,028,500 | -2.3 |
| Condo Townhouse | $750,000 | $766,000 | -2.1 |
| Condo Apartment | $600,000 | $627,500 | -4.4 |
