As we move deeper into 2025, the Greater Toronto Area (GTA) and Durham Region real estate markets continue to evolve. February saw a significant rise in available inventory, while home sales softened compared to last year, creating a favorable environment for buyers. Let’s dive into the latest trends and key statistics from February 2025.
GTA Market Insights The Toronto Regional Real Estate Board (TRREB) reports that 4,037 home sales occurred in February 2025, representing a 27.4% decline from the same period last year. Meanwhile, new listings increased by 5.4% year-over-year, offering buyers more choices. The average selling price across all home types was $1,084,547, marking a 2.2% decrease compared to February 2024.
Experts anticipate a potential boost in market activity later this year as borrowing costs are expected to decline, improving affordability and buyer confidence.
Durham Region Market Highlights Durham Region experienced a strong increase in sales and a stable pricing environment, with key areas showing positive trends. Buyer activity is picking up, and with inventory continuing to grow, the market is becoming more balanced.
Key Metrics:
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Average Sale Price: $897,759 (+0.13% from January)
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Days on Market: 22 (down from 30 in January)
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Sales: 555 (+13.5% from January)
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New Listings: 1,229 (+1.32% from January)
Area Breakdown: Oshawa:
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Average Sale Price: $769,938 (-1.27%)
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Sales: 167 (+5.7%)
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New Listings: 336 (-7.69%)
Whitby:
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Average Sale Price: $987,834 (-3.72%)
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Sales: 103 (+17.05%)
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New Listings: 207 (+2.99%)
Ajax:
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Average Sale Price: $976,286 (+6.69%)
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Sales: 71 (+4.41%)
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New Listings: 155 (unchanged)
Pickering:
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Average Sale Price: $942,815 (-0.79%)
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Sales: 86 (+7.5%)
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New Listings: 224 (+13.13%)
Clarington:
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Average Sale Price: $899,845 (+5.52%)
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Sales: 96 (+54.84%)
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New Listings: 217 (+16.67%)
What’s Driving the Market?
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Inventory Growth: February saw continued increases in new listings, giving buyers more options and creating a competitive edge.
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Stronger Buyer Activity: Sales in Durham Region were up, especially in Clarington, where transactions surged by 54.84%.
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Slight Price Adjustments: Some areas experienced small declines in average prices, but overall values remain stable.
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Lower Days on Market: Homes sold faster, with the average days on market dropping from 30 to 22.
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Rate Cuts Expected: With potential interest rate reductions later in 2025, affordability may improve, bringing more buyers into the market.
Looking Ahead For Buyers: With increased inventory and stable prices, now is a great time to explore available properties before competition rises.
For Sellers: Homes are selling faster, and well-priced listings continue to attract strong interest. If rates drop as expected, demand may increase in the coming months.
February 2025 brought a mix of stability and opportunity for both buyers and sellers. With interest rate cuts anticipated and inventory rising, market activity could strengthen as we move further into the year. Stay tuned for next month’s update as we track these evolving trends!
Stats provided by TRREB & Independent Reporting Company RE Stats Inc. Information is deemed reliable but not guaranteed and may vary by 2.5%
Posted by Dan Plowman on
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