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GTA Homebuyers Gain Leverage as Market Shifts in May 2025

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The Greater Toronto Area housing market saw a boost in affordability this May compared to the same time last year. With sales slowing and listings on the rise, buyers are stepping into a market with more choice and negotiating power. According to TRREB, GTA REALTORS® reported 6,244 home sales through the MLS® System in May 2025 — a 13.3% drop year-over-year. Meanwhile, new listings jumped to 21,819, marking a 14% increase from May 2024.

On a month-over-month, seasonally adjusted basis, sales rose for the second consecutive month, showing early signs of momentum returning. Although new listings also rose, they did so at a slower rate, suggesting market conditions are starting to tighten slightly.

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With the average selling price down 4% year-over-year to $1,120,879, and the MLS® Home Price Index Composite benchmark down 4.5%, buyers are in a stronger position than they’ve been in a while. If you’ve been waiting for the right time to make a move in the GTA, this could be your window.

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Curious how this market shift might impact your neighbourhood?

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