{"id":592,"date":"2025-02-09T21:03:57","date_gmt":"2025-02-09T21:03:57","guid":{"rendered":"https:\/\/www.themillsteam.ca\/blog\/?p=592"},"modified":"2025-04-09T21:16:27","modified_gmt":"2025-04-09T21:16:27","slug":"january-2025-market-stats","status":"publish","type":"post","link":"https:\/\/www.themillsteam.ca\/blog\/january-2025-market-stats\/","title":{"rendered":"January 2025 Market Stats"},"content":{"rendered":"<p>TORONTO, ONTARIO, FEBRUARY 5, 2025 \u2013 The Toronto Regional Real Estate Board\u2019s (TRREB) Market Outlook and Year in Review report reveals that a well-supplied housing market will keep average annual home price growth at the rate inflation, with the average selling price increasing moderately in the Greater Toronto Area (GTA) over the course of the year. \u201cA growing number of homebuyers will take advantage of lower borrowing costs as we move toward the 2025 spring market, resulting in increased transactions and a moderate uptick in average selling prices in 2025. However, the positive impact of lower mortgage rates could be reduced, at least temporarily, by the negative impact of trade disruptions on the economy and consumer confidence,\u201d said TRREB Chief Market Analyst Jason Mercer.<\/p>\n<p>For 2025, TRREB forecasts:<\/p>\n<p>A total of 76,000 home sales in 2025, up by 12.4 per cent over 2024. Lower borrowing costs coupled with ample supply will improve affordability and prompt more buyers to move off the sidelines. &#8211; The average selling price to reach $1,147,000, up by 2.6 per cent over 2024, for all home types combined. Price growth will be stronger for single-family homes, as compared to the well-supplied condo apartment market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-594\" src=\"http:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20252.png\" alt=\"\" width=\"1667\" height=\"1667\" srcset=\"https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20252.png 1667w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20252-300x300.png 300w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20252-1024x1024.png 1024w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20252-768x768.png 768w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20252-1536x1536.png 1536w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20252-420x420.png 420w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20252-240x240.png 240w\" sizes=\"auto, (max-width: 1667px) 100vw, 1667px\" \/> &#8220;As we look to the future, prioritizing housing diversity and supply remains paramount. Encouraging the development of missing-middle housing\u2014such as townhomes, duplexes, and low-rise multi-unit buildings\u2014is critical to delivering a range of attainable options for individuals and families. Purpose-built rentals also play a vital role in ensuring everyone has access to a place they can call home,&#8221; said TRREB President Elechia Barry-Sproule. &#8220;At TRREB, we believe the solution starts with collaboration. Traffic congestion and affordability are interconnected challenges that require integrated approaches. The current system of high development charges, taxes, and administrative hurdles only exacerbates the issues. This stalls progress on building the housing supply we need to support our growing communities,\u201d said TRREB CEO John DiMichele.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-595\" src=\"http:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20253.png\" alt=\"\" width=\"1667\" height=\"1667\" srcset=\"https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20253.png 1667w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20253-300x300.png 300w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20253-1024x1024.png 1024w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20253-768x768.png 768w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20253-1536x1536.png 1536w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20253-420x420.png 420w, https:\/\/www.themillsteam.ca\/blog\/wp-content\/uploads\/2025\/04\/MillsTeam_January_SocialStats_800x800_Feb05_20253-240x240.png 240w\" sizes=\"auto, (max-width: 1667px) 100vw, 1667px\" \/><\/p>\n<p>The year started off with GTA REALTORS\u00ae reporting 3,847 home sales through TRREB\u2019s MLS\u00ae System in January 2025 \u2013 down by 7.9 per cent compared to the same period last year. New listings in the MLS\u00ae System amounted to 12,392 \u2013 up by 48.6 per cent year-over-year. On a seasonally adjusted basis, January sales were up month-overmonth compared to December 2024. The MLS\u00ae Home Price Index Composite benchmark was up by 0.44 per cent year-over year in January 2025. The average selling price, at $1,040,994, was up by 1.5 per cent compared to the January 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, ONTARIO, FEBRUARY 5, 2025 \u2013 The Toronto Regional Real Estate Board\u2019s (TRREB) Market Outlook and Year in Review report reveals that a well-supplied housing market &hellip;<\/p>\n","protected":false},"author":2,"featured_media":593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>January 2025 Market Stats - The Mills Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.themillsteam.ca\/blog\/january-2025-market-stats\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"January 2025 Market Stats - 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