The Greater Toronto Area (GTA) housing market remains cool and trending toward a buyer‑friendly environment this December, with recent sales and pricing data confirming continued softness. According to the latest MLS® stats, average home selling prices in the GTA have eased to around $1,039,458, down about 6% year‑over‑year and the benchmark price of a typical home is roughly $951,700, showing a small month‑to‑month decline as well. 

Sales activity has softened, with about 5,010 homes sold recently, representing both a year‑over‑year and month‑over‑month drop in transactions, which is typical for this time of year but more pronounced than historic seasonal shifts. 

At the same time, active listings remain elevated, creating more choice for buyers and pushing the market closer to balanced conditions. With nearly five months of inventory available, the ratio of sales relative to new listings is lower than typical seller‑leaning markets, a sign that buyers have more negotiating power this winter.

Condo segments in the GTA have also seen pricing and sales pullbacks, continuing a broader trend of softer demand in the condominium market. 

🧭 What this means this week:

• Prices are soft compared to this time last year — giving buyers a bit more leverage. www.wowa.ca
• Sales activity is slower than usual for December, but consistent with winter patterns. 
• Inventory and choice are both up, which tends to favour well‑qualified buyers.

In conclusion: The GTA housing market this week continues to favour buyers, with softer prices, slower sales, and more options on the market. For those looking to purchase, this is an opportunity to explore the winter listings with greater flexibility, while sellers may need strategic pricing to attract attention. Keep an eye on the market heading into the new year

Conditions could shift quickly as spring approaches.