The Greater Toronto Area (GTA) just hit a historic real estate milestone. In May 2025, active listings reached 30,964, the highest end-of-month count recorded since at least August 2002, according to the Toronto Regional Real Estate Board (TRREB). This 25-year high signals a major shift in the region’s housing landscape—one that heavily favors buyers.
📊 GTA Real Estate Snapshot – May 2025
- Active Listings: 30,964
→ Up 41.5% year-over-year
→ Up 13% from April 2025 - New Listings: 21,819
→ Up 14% year-over-year - Sales Volume: 6,244
→ Down 13.3% compared to May 2024 - Average Selling Price: $1,120,879
→ Down 4% year-over-year
→ Up 1.2% month-over-month - MLS® HPI Benchmark Price: $1,012,800
→ Down 4.5% year-over-year - Average Days on Market: 25 days
→ Up 31.6% year-over-year
🏘️ What’s Driving This Surge in Listings?
A few key trends are influencing this unprecedented inventory jump:
- Rate-Sensitive Sellers: More homeowners are listing properties before potential mortgage renewals or further interest rate hikes.
- Investor Activity: Higher carrying costs are pushing some investors to offload underperforming properties.
- Delayed Buyers: With affordability concerns and rate uncertainty, many buyers are waiting—leading to a growing pool of unsold inventory.
📍 Regional Highlights
- Toronto: 2,315 sales | Avg. price: $1,155,616
- York Region: 1,005 sales | Avg. price: $1,282,040
- Peel Region: 1,035 sales | Avg. price: $1,022,631
- Durham Region: 850 sales | Avg. price: $905,702
Each region is seeing softer prices and longer selling timelines—making it a more balanced (if not buyer-leaning) market.
🔍 What This Means for Buyers and Sellers
For buyers:
This is one of the most favorable markets in years. More choice, more time to decide, and less pressure from bidding wars.
For sellers:
With so many listings competing for attention, pricing strategy and marketing are more important than ever. Homes that are staged, priced competitively, and promoted well on social media are the ones selling fastest.
📚 References
- Storeys – GTA Active Listings Hit 31K
- Globe Newswire – TRREB Market Watch May 2025
- TRREB Market Stats
- Daryl King Real Estate Blog – May 2025 Stats
Canada Housing Market 
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