The 2025 Season Finale: December Toronto Real Estate Market Stats: Full of Cliffhangers, Cold Fronts & Comebacks

Jan 8

If 2025 was a TV show, the Toronto housing market was the main character… chaotic, misunderstood, deeply affected by external forces, and somehow still standing. There were plot twists (hi, Bank of Canada), emotional swings (buyers ghosting and then showing up again), and a few cliffhangers still unresolved. But by the season finale, one thing was clear: the worst might be behind us.

Let’s recap the story arc:

Sales? Down 11.2% compared to 2024.
Average price? $1,067,968 — a 4.7% drop year-over-year.
Confidence? Wobbly… until Q4.
Hope? On the horizon.

December closed out the year with 3,697 sales, a modest drop from the same time last year, but with economists across the board now forecasting stability and recovery in 2026. Inventory has slowly built back up, mortgage rates are trending lower, and buyers are getting bolder. We’re heading into a market with momentum, and that’s something we haven’t been able to say in a while.

So whether you're a buyer who sat 2025 out, a seller wondering if your timing is finally right, or just someone who wants a front-row seat for the next episode, here’s what you need to know.

Let’s dive into the December stats, and what they mean for your next move in 2026.

📍GTA-Wide Snapshot: More Affordable, Still Uncertain

December capped off a slow year with a modest dip in prices and activity. While affordability improved thanks to lower rates and declining prices, most buyers stayed benched, waiting for a clearer signal. That said, the groundwork is laid for a rebound in 2026 if interest rates stay stable.

Average Price: $1,006,735 (▼5.1% YoY)
Sales: 3,697 (▼8.9% YoY)
New Listings: 5,211 (▲6.0% YoY)
Active Listings: 10,370 (▲30.4% YoY)
MOI (Months of Inventory): 2.8 → Balanced Market
Average Days on Market: 31 (▲24% YoY)
Condo Sales: 1,171 (▼4.4% YoY)
Condo Avg Price: $682,525 (▼4.8% YoY)

What this means: Buyers saw more options and slightly better affordability, but many chose to wait out the holidays — and maybe the rate cuts. The real action could be waiting in the wings for spring. Sellers? The market isn’t dead, but it is picky. If you want to sell in early 2026, strategy, prep, and smart pricing are non-negotiable.

📍 Toronto: Buyers Are Lurking… But Still Cautious

The city saw another month of lower prices and slower activity. Sales dropped again in December, but inventory remained healthy. Many buyers hit pause over the holidays, but interest is quietly building for Q1.

Average Price: $1,015,835 (▼3.0% YoY)
Sales: 1,255 (▼11.9% YoY)
New Listings: 1,727 (▼6.7% YoY)
Active Listings: 3,692 (▼1.4% YoY)
Average Days on Market: 32 (▲23.1% YoY)
Condo Sales: 847 (▼9.5% YoY)
Condo Avg Price: $709,283 (▼2.5% YoY)

What this means: Toronto’s market isn’t panicking, it’s just waiting. Sellers who are holding off till spring aren’t wrong, but early movers may benefit from lower competition and buyers ready to strike once rates drop. Condos remain soft but present real opportunities for long-term thinkers.

📍 Mississauga: Treading Water at Year-End

Sales dipped in December, but prices held up relatively well. Buyers showed interest, but hesitation ruled the month as many waited for 2026 signals.

Average Price: $960,240 (▼1.3% YoY)
Sales: 303 (▼15.1% YoY)
New Listings: 407 (▼9.4% YoY)
Active Listings: 860 (▲13.5% YoY)
Average Days on Market: 34 (▲36.0% YoY)
Condo Sales: 123 (▼17.4% YoY)
Condo Avg Price: $602,233 (▼0.7% YoY)

What this means: There’s a thin layer of activity here, not quite a thaw, not quite frozen. Mississauga buyers are watching interest rates like hawks. Smart sellers should prep early and list strategically before the spring rush resets the playing field.

📍 Oakville: High-Value Homes, Low-Decibel Demand

Oakville stayed calm in December with a moderate sales dip and stable average prices. Luxury buyers tend to move slowly, and this month proved no different.

Sales: 167 (down 15.3%)
Average Price: $1,438,654 (down 7.9%)
Active Listings: 1,023 (down 2.9%)
New Listings: 515 (up 8.2%)
Condo Sales: 19 (down 24%)
Condo Avg. Price: $732,958 (down 2.1%)

What this means: Luxury markets don’t panic… they reposition. Oakville sellers are likely holding off for a more active spring, but motivated buyers have room to negotiate right now, especially for homes that didn’t move in the fall.

📍 York Region: Cooling Off After a Busy Fall

York Region’s late-year momentum tapered in December. Listings remained healthy, but sales slowed — a typical end-of-year pattern.

Average Price: $1,276,711 (▼5.8% YoY)
Sales: 617 (▼15.2% YoY)
New Listings: 875 (▲0.6% YoY)
Active Listings: 1,799 (▲37.5% YoY)
Average Days on Market: 34 (▲25.9% YoY)
Condo Sales: 104 (▼4.6% YoY)
Condo Avg Price: $679,607 (▼0.5% YoY)

What this means: Buyers who’ve been priced out for years are finally seeing cracks in the armour. While prices haven’t nosedived, the pressure is easing, and negotiation is back in style. Sellers, don’t wing it. Prep matters more than ever.

📍 Durham Region: Still One of the GTA’s Most Accessible

Durham continues to offer some of the GTA’s most affordable options, but December still saw a big slowdown in sales. Inventory remained higher than usual, giving buyers time and space to evaluate.

Average Price: $864,504 (▼3.6% YoY)
Sales: 392 (▼15.5% YoY)
New Listings: 497 (▼5.5% YoY)
Active Listings: 968 (▲19.8% YoY)
Average Days on Market: 29 (▲20.8% YoY)
Condo Sales: 56 (▼19.7% YoY)
Condo Avg Price: $564,346 (▼3.7% YoY)

What this means: Durham’s market is ideal for buyers who want value — but they’re not rushing. Sellers will need to play the long game or be aggressive on pricing. Spring could bring more action, but it’ll depend on confidence and rate direction.

📍 Brampton: Slower Sales, Bigger Decisions

With one of the sharpest drops in sales, Brampton closed the year quietly. But prices stayed relatively level, signalling that buyers may just be holding back — not walking away.

Average Price: $964,817 (▼2.5% YoY)
Sales: 294 (▼19.2% YoY)
New Listings: 411 (▲6.2% YoY)
Active Listings: 872 (▲32.1% YoY)
Average Days on Market: 30 (▲3.4% YoY)
Condo Sales: 26 (▼13.3% YoY)
Condo Avg Price: $551,962 (▼3.6% YoY)

What This Means: Inventory is stacking and urgency is low — but it’s not a crash. Buyers want affordability and confidence in rate stability. If they get both, we’ll see more movement in Q1 and Q2. Until then, it’s a buyer’s market that favours patience.

What Does This Mean for 2026 Buyers and Sellers?

Let’s be real. 2025 was a year of wait-and-see. Buyers waited for rates to drop. Sellers waited for prices to bounce. And most people ended up in real estate limbo, watching more than acting. But the tone is shifting.

📉 For buyers: this is your early-mover window. Rates are cooling, prices are still down from their peaks, and inventory hasn’t dried up yet. The headlines haven’t caught up to the optimism in the data… but you can. If you’ve got your financing lined up and a strategy in hand, you’ll be competing with fewer people now than you will six months from now. Don’t sleep.

📈 For sellers: 2026 could be your comeback season. But only if you’re smart about it. Pricing, prep, and presentation are everything. Buyers are still picky, and average isn’t getting offers. But if your place checks the boxes and you work with someone who knows how to market it (👋), this market has legs again.

Looking to make a move this year? Let's talk about your 2026 goals. Whether you're buying, selling, or just watching the market for the right window, I’ll help you spot it before it opens.

📲 Let’s talk — no pressure, no jargon, just real strategy.
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