TRREB Releases 2025 Q2 Condo Market Statistics

Following the broader trends in the Greater Toronto Area (GTA) housing market, the condominium apartment segment experienced a year-over-year dip in sales in the second quarter of 2025 compared to the same period in 2024. Over the same time period, active listings were up, which means that condo buyers benefitted from more choice and were able to negotiate average selling prices downward.

Total condominium apartment sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System amounted to 4,413 in Q2 2025 – down by 20.9 per cent on a year-over-year basis. New condo listings were up slightly (+0.6 per cent) over the same period. Active listings at the end of Q2 were up by 39.3 per cent.

The average selling price for a condominium apartment GTA-wide was $685,961 in Q2 2025 – down by 5.9 per cent compared to $728,808 in Q2 2024. In the City of Toronto, which accounted for two-thirds of total condo sales, the average selling price was $717,210. This result was down by 6.3 per cent compared to Q2 2024.

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Affordability has improved compared to last year, with borrowing costs and average selling prices down compared to Q2 2024. Ultimately, this should lead to increased sales moving forward, especially if we see more Bank of Canada interest rate cuts in the second half of 2025. First-time buyers, who make up a large component of condo buyers, are very interest rate sensitive.