As spring approaches, signs of improving affordability and increased inventory are shaping the real estate market in the Greater Toronto Area (GTA) and Durham Region. While sales volume is still lower than last year, more listings and stabilized pricing are creating new opportunities for buyers. Let’s explore the latest insights and key statistics from March 2025.

GTA Market Insights
The Toronto Regional Real Estate Board (TRREB) reports 5,011 home sales in March 2025 — a 23.1% decline from the same time last year. However, the number of new listings climbed by 28.6% year-over-year, giving buyers more selection than we’ve seen in recent months. The average selling price across the GTA was $1,093,254, down 2.5% from March 2024, and relatively flat month-over-month.

Affordability is improving thanks to lower borrowing costs and softer home prices, and experts expect further interest rate cuts this spring. With increased choice and negotiating power, buyers who feel secure in their jobs may begin re-entering the market in larger numbers.

Durham Region Market Highlights
Durham Region continues to show strong buyer interest and stable prices. Inventory rose significantly in March, and homes sold faster compared to February.

Key Metrics:

  • Average Sale Price: $911,396 (+1.52% from February)

  • Days on Market: 17 (down from 22)

  • Sales: 671 (+20.9%)

  • New Listings: 1,937 (+57.61%)

Area Breakdown:

Oshawa

  • Average Sale Price: $769,748 (-0.02%)

  • Sales: 184 (+10.18%)

  • New Listings: 534 (+58.93%)

Whitby

  • Average Sale Price: $1,008,786 (+2.12%)

  • Sales: 112 (+8.74%)

  • New Listings: 369 (+78.26%)

Ajax

  • Average Sale Price: $916,037 (-6.17%)

  • Sales: 99 (+39.44%)

  • New Listings: 258 (+66.45%)

Pickering

  • Average Sale Price: $964,971 (+2.35%)

  • Sales: 108 (+25.58%)

  • New Listings: 341 (+52.23%)

Clarington

  • Average Sale Price: $893,731 (-0.68%)

  • Sales: 122 (+27.08%)

  • New Listings: 290 (+33.64%)

What’s Driving the Market?

  • Improved Affordability: Lower borrowing costs and modest price adjustments are making homeownership more manageable.

  • Rising Inventory: A jump in new listings across Durham is giving buyers more options and confidence.

  • Faster Sales: Homes are selling quicker, with average days on market dropping from 22 to 17.

  • Market Caution: Despite improving fundamentals, broader economic uncertainty and the upcoming federal election may be causing some buyers to take a wait-and-see approach.

Looking Ahead

For Buyers: With more listings, stable prices, and improved affordability, it’s a great time to explore the market before competition increases.

For Sellers: Homes are moving faster, and well-priced properties are generating interest. If rates drop further, we may see demand grow even stronger.

March 2025 showed encouraging trends for both sides of the market. We’ll continue tracking how rate changes, economic confidence, and policy developments influence real estate activity in the months ahead.

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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