Happy New Year, and welcome to your December 2025 Toronto real estate market update. In this report, we are looking at the data across the City of Toronto, covering all major housing types. As always, all prices referenced below are median prices, not averages, which provides a more accurate picture of where the market truly sits.
Before diving into pricing, it is important to start with sales activity, because volume gives us critical context when interpreting price movements.
Sales Activity in Toronto 416
In December, there were 1,359 total sales in the City of Toronto, which represents a 16.8% increase compared to December 2024, when there were 1,164 sales. That increase is an encouraging signal.
You may see headlines stating that overall sales activity was down 8.9% year over year. That figure includes the entire GTA. When we separate the data, we see that sales activity actually increased in the Toronto 416, while the decline was driven by lower activity in the 905. This distinction matters when interpreting Toronto specific pricing trends.
Detached Home Prices
The median detached home price in December came in at $1,165,000.
This represents a 2.9% decrease from November, when the median was $1,200,000. On a year over year basis, prices are down 4.1% compared to December 2024, when the median detached price was $1,215,000.
Detached homes continue to show softer pricing, both month over month and year over year, reflecting ongoing buyer sensitivity at higher price points.
Semi-Detached Home Prices
For semi-detached homes, the December median price was $966,500.
That is an 8% decline from November’s median of $1,050,000 and a notable 18.5% decrease compared to December 2024, when the median was $1,186,000.
While this drop may look alarming at first glance, there are two important things to keep in mind. First, this is the middle price, not the average, meaning half of the homes sold above this number and half below. Second, based on what we saw on the ground in December, there was a lack of highly desirable, turn key inventory in this segment. This suggests the price movement is more likely tied to the quality of homes that sold, rather than a sudden or dramatic market correction.
Townhouse Prices
Townhouses continue to stand out as a segment behaving differently than the rest of the market.
The December median townhouse price was $1,080,000, which is a 4.3% increase from November’s median of $1,035,000. Year over year, townhouses are also up 2.8% compared to December 2024, when the median was $1,050,512.
This segment continues to show resilience, often moving independently from detached and semi-detached homes.
Condo Apartment Prices
Turning to condo apartments, the December median price was $546,500.
That represents a 5.8% decrease from November’s median of $580,000. On a year over year basis, prices are down 10.4% compared to December 2024, when the median condo price was $610,000.
The downward trend in condo pricing is not new, and as we move into 2026, it will be important to watch whether this segment stabilizes or begins to rebound.
What These Numbers Tell Us
Taken together, December shows a market that continues to behave differently depending on property type.
Ground oriented homes, particularly detached and semi-detached properties, are experiencing softer pricing both month over month and year over year. Townhouses remain the standout segment showing strength across both timeframes. Condos continue to face downward pressure compared to last year.
At the same time, higher sales volume within the City of Toronto tells us that buyers are active, but selective.
Looking Ahead to 2026
Now that 2026 has begun, it will be interesting to see how the market evolves and whether we find ourselves in a buyers market, a balanced market, or potentially a sellers market in certain segments.
As always, headline numbers never tell the full story. Property type, location, and buyer sentiment are what truly shape market outcomes.
If you would like help understanding how these trends apply to your specific home or your purchase plans for 2026, we would be happy to walk through that with you.
