Condo Market Report
TRREB Releases 2025 Q4 Condo Market Statistics
Greater Toronto Area (GTA) condominium apartment sales were lower in the fourth quarter of 2025 compared to Q4 2024. Active condo listings at the end of the fourth quarter were up over the same period of time. With sales down and listings up on a year-over-year basis, condo buyers continued to benefit from ample choice and negotiating power on price.
There were 3,880 condominium apartment sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in Q4 2025 – down by 15 per cent compared to 4,567 sales in Q4 2024. The number of new listings entered into the TRREB’s MLS® System was also down year-over-year by 8.1 per cent. The fact that new listings declined by a lesser rate than sales contributed to the growth in standing inventory at the end of 2025 compared to the end of 2024.
With buyers benefitting from more negotiating power, the average condo apartment selling price was down by 5.1 per cent year-over-year in Q4 2025 to $652,945 compared to the average of $687,874 in Q4 2024. The average price in the City of Toronto was $690,607 – slightly higher than the GTA average, but still down from the Toronto average of $715,920 in Q4 2024.
If consumer confidence in the economy improves in 2026, more affordable condominium apartment market conditions could prompt more first-time buyers to move out of their current rental accommodations. However, Ipsos polling continues to show that some households continue to experience a gap between an affordable mortgage payment and the required mortgage payment for the type of home they would like to purchase.