For 2025, TRREB forecasts:
A total of 76,000 home sales in 2025, up by 12.4 per cent over 2024. Lower borrowing costs coupled with ample supply will improve affordability and prompt more buyers to move off the sidelines.
The average selling price to reach $1,147,000, up by 2.6 per cent over 2024, for all home types combined. Price growth will be stronger for single-family homes, as compared to the well-supplied condo apartment market.
The Ipsos polling results on buying and selling intentions show:
28 per cent of survey respondents said they are likely to buy a home in 2025. Nine per cent of these respondents are very likely to purchase a home this year. These results matched intentions for 2024.
First-time buyers accounted for 42 per cent of intending homebuyers.
On average, homeowners rented for 8.5 years before purchasing their first home. However, 25 per cent of homeowners said they rented for two years or less before buying.
Intended down payments remain substantial, at an average of 28 per cent of the
