The Toronto Regional Real Estate Board's 2025 Market Outlook predicts a well-supplied housing market, with average home prices in the Greater Toronto Area expected to rise moderately to $1,147,000, a 2.6% increase from 2024. Home sales are forecasted to reach 76,000, up 12.4%. Consumer polling indicates 28% of respondents plan to buy homes, while 37% intend to sell. The report emphasizes the need for diverse housing options and addresses issues like traffic congestion and high taxes affecting affordability. January 2025 saw a 7.9% decline in home sales compared to last year.
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